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POLICY & REGULATION
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Feds' NY RICO Case Against Huawei Packs A Punch, Jury Told
By Stewart Bishop
The Brooklyn federal jury in the landmark corporate criminal trial of Huawei on Wednesday heard a prosecutor say they'll have an insider's view of the company's vast criminal operations that relied on stolen trade secrets to grow and kept banks in the dark about its sanctions compliance, while a top executive's deal with the government will seal the fate of the Chinese telecommunications giant.
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PEOPLE
EXPERT ANALYSIS
Planning For The Impact Of FinCEN's CTA Rollback
The Financial Crimes Enforcement Network's recent rollback of Corporate Transparency Act reporting obligations should reduce compliance costs, but its plans to revisit customer due diligence rules should prompt companies and financial institutions to reassess state beneficial ownership programs, say attorneys at Sidley.
Final Rule attached |
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