Leading up to, and since its implementation in the European Union (“EU”) in 2018, Fortune 500 entities doing business in the EU and controlling and/or processing EU personal data have developed policies for the maintenance and use of personal information of EU Citizens. » Read More
CFIUS has been around since 1975, when President Gerald Ford, by Executive Order, created the interagency committee to review national security implications of investments by foreigners in U.S. businesses. For most of the time since its creation, the power of CFIUS was primarily reactive, infrequently addressing pending transactions; even then, CFIUS’s jurisdiction covered only transactions where a foreign person acquired control of a US business.» Read More
The Customer Due Diligence (“CDD”) regulations issued by the Financial Crimes Enforcement Network (FinCEN) became effective on May 11, 2018. The regulations enacted under the Bank Secrecy Act clarify customer due diligence requirements for banks and other financial institutions. These rules are part of an international effort to combat the use of legal entities such as corporations, limited liability companies, and partnerships from financers of terrorism, money launderers, tax evaders, and other financial criminals.» Read More
Way back on August 17, 2017 (seems like a lifetime ago), we brought you information regarding the European General Data Protection Regulation (“GDPR”) and its impact on those doing business in the EU*.
And now, guess what–the GDPR goes live on May 25, a week from today. » Read More