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Kingdom Trust Hit with $1.5 Million Penalty by FinCEN
On April 26, 2023, the U.S. Financial Crimes Enforcement Network (FinCEN) announced it assessed a $1.5 million civil money penalty on...
Elizabeth A. McMorrow
Apr 26, 2023
FinCEN Looking Toward Digital IDs
On September 7, 2022, Jimmy Kirby, Acting Deputy Director of the Financial Crimes Enforcement Network (FinCEN) spoke at the 2022 Federal...
Elizabeth A. McMorrow
Sep 11, 2022
U.S. Financial Agencies Issue Joint Statement on Customer Risk
On July 6, 2022, five U.S. agencies responsible for various aspects of the U.S. financial industry issued a "Joint Statement on the...
Elizabeth A. McMorrow
Jul 6, 2022
FinCEN Holding Crypto to a High KYC Standard
On May 19, 2022, Alessio Evangelista, Associate Director of FinCEN’s Enforcement and Compliance Division spoke at the Chainalysis Links...
Elizabeth A. McMorrow
May 26, 2022


Multiple Passports Aren’t Just for Criminals
In some parts of the financial industry, there is an unfounded fear that an individual with more than one passport is a suspicious...
Elizabeth A. McMorrow
Jul 15, 2020


Perplexing Risk Rankings
Whether it’s assessing a new foreign grantor trust client, setting up a new foreign biotech manufacturing plant or soliciting funds for a...
Elizabeth A. McMorrow
Dec 20, 2019
Foreign Trusts: South Dakota Regulators’ Tips
The South Dakota Trust Association hosted its third annual Fall Forum on October 17 & October 18, 2019. We were fortunate to have Scott...
Elizabeth A. McMorrow
Oct 24, 2019


CRS: BVI Expands Reportable Controlling Persons
The British Virgin Islands (BVI) issued revised Common Reporting Standard (CRS) Guidance Notes on February 19, 2019. Included in the...
Elizabeth A. McMorrow
Mar 11, 2019


Don’t Turn Away a Prospect with More Than 1 Passport
In some parts of the financial industry, there is an unfounded fear that an individual with more than one passport is a suspicious...
Elizabeth A. McMorrow
Mar 1, 2019
Where FATCA and Biotech Compliance Coincide
In my practice, I represent clients in the financial industry (FATCA/CRS) and in the biotech industry (legal management of foreign...
Elizabeth A. McMorrow
Feb 17, 2017
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