When investing it is important to learn about the investment. There are thousands of different types of digital currencies and assets, and each has its own characteristics.
On January 1, 2021, Congress enacted the Corporate Transparency Act (the "CTA") as part of the Anti-Money Laundering Act of 2020 in the National Defense Authorization Act for Fiscal Year 2021.
The U.S. Department of the Treasury's Financial Crimes Enforcement Network ("FinCEN") issued a final rule on September 29, 2022, implementing the beneficial ownership information.
Financial institutions have long asked how—and to what extent—they need to comply with export controls, and recently, the U.S. Department of the Treasury's Financial Crimes Enforcement Network.