The Office of the Comptroller of the Currency will no longer follow interagency guidance on climate-related risk management for large financial institutions.
The full update can be found here on our US Regulatory Intelligence platform.
Sebastian Souchet
New briefing note – FinCEN issues new AML rule impacting registered investment advisers and exempt reporting advisers
On August 28, 2024, the Financial Crimes Enforcement Network (FinCEN) issued a final rule that will impose new anti-money laundering and countering terrorism financing (AML/CFT) program requirements on registered investment advisers and exempt reporting advisers (collectively, Covered IAs) by, among other things, including Covered IAs within the definition of “financial…