Anti-Money Laundering

FinCEN Proposes New Residential Real Estate Reporting Requirements

By Brad Resnikoff, Gina Parlovecchio, Matthew Bisanz & Grace Kim on February 26, 2024

Posted in Anti-Money Laundering, Enforcement, FinCEN, Supervision

On February 7, 2024, the US Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued a Notice of Proposed Rulemaking on certain US residential real estate transactions (“2024 NPRM”). The 2024 NPRM would require certain professionals involved in real estate closings and settlements to report information to FinCEN about non-financed transfers of residential real…

American Bar Association Business Law Section Annual Meeting

By David L. Beam, Jeffrey P. Taft & Ori Lev on September 12, 2016

Posted in Anti-Money Laundering, Consumer Financial Protection Bureau (CFPB), Privacy, Speaking Engagements

Five Mayer Brown attorneys in the Financial Services Regulatory & Enforcement group presented at the American Bar Association Business Law Section Annual Meeting in Boston last week.

Ori Lev spoke on a panel discussing the CFPB’s enforcement track record. The panel addressed a study by Professor Chris Peterson of the S.J. Quinney College of Law …