SARAH BETH: The catalog of AML issues which led to New York State fining Nordea Bank $35m, issue consent order

Regulatory Watch News

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  Commerce Announces Proposed Rule to Secure Connected Vehicle Supply Chains from Foreign Adversary Threats

  US Department of Commerce

  September 23, 2024

  Washington, D.C. – Today, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) published a Notice of Proposed Rulemaking (NPRM) that would prohibit the sale or import of connected vehicles integrating specific pieces of hardware and software, or those components sold separately, with a sufficient nexus to the People’s Republic of China (PRC) or Russia.

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  How AI Can Strengthen Law Enforcement: Insights from Europol’s New Report

  Europol

  September 23, 2024

  A newly published report by Europol’s Innovation Lab explores the ways in which artificial intelligence (AI) can revolutionise law enforcement operations. By harnessing AI's advanced capabilities, law enforcement agencies can process vast datasets more efficiently, enhancing their ability to detect and counter criminal activity. AI tools can streamline decision-making processes at both operational and strategic levels, enabling authorities to better identify and address criminal threats at their core.

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  September 25: FinCEN Virtual Info Session on Beneficial Ownership Reporting

  FinCEN

  September 23, 2024

  The Corporate Transparency Act requires many companies doing business in the United States to report information to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) about who ultimately owns or controls them. Join a FinCEN representative for a virtual information session on beneficial ownership information (BOI) reporting requirements and how to comply with the law.

  • WHAT: Info session on beneficial ownership reporting
  • WHEN: Wednesday, Sept. 25, 2024, at 2 p.m. ET
  • WHERE: www.youtube.com/@fincentreasury