In this “Financial Crime Matters” episode, Kieran Beer talks with Daniel Stipano, partner at Davis Polk & Wardwell about the unfolding requirements of the Corporate Transparency Act (CTA) and Anti-Money Laundering Act of 2020 and their impact on law enforcement, and financial as well as non-financial institutions.
Stipano also weighs in on the current court challenges to the CTA, particularly the recent Federal court ruling that declared it unconstitutional, what the Financial Crime Enforcement Network’s latest rulemakings mean, and what the long-awaited revised customer due diligence rule might look like. Stipano is a 30-year veteran of the Office of the Comptroller of the Currency.
