In recent years, the financial sector has introduced instant payment systems that allow users to send and receive funds almost instantly, at any time, on any day of the year. These systems, being developed in the United States and abroad, enable real-time transmission...
Research & insights
Due Diligence
Aug 6, 2024 Digital Currency, Due Diligence, Sanctions
Virtual currencies are increasingly significant in the global economy, bringing greater exposure to sanctions risks, such as involvement by sanctioned individuals or entities in transactions. The virtual currency industry—including technology companies, exchangers,...
Aug 6, 2024 Beneficial Ownership, Due Diligence, Regulatory
On July 26, 2024, the Financial Crimes Enforcement Network (FinCEN) issued an essential notice to financial institution customers about reporting beneficial ownership information. The Corporate Transparency Act mandates that certain entities, including small...