Cadwalader attorneys analyzed a recent Illinois Circuit Court decision denying a petition filed by a political activist and a hedge fund claiming that $16 billion of Illinois's general obligation bonds violated the state constitution.
At a recent webinar, Cadwalader attorneys reviewed anti-money laundering developments affecting cannabis businesses, broker-dealers and blockchain, and discussed draft legislation affecting the Bank Secrecy Act.
Beginning on October 1, 2018, financial service companies holding check casher and virtual currency business activity licenses may transition those licenses to the Nationwide Multistate Licensing System and Registry.
At a North American Securities Administrators Association cybersecurity roundtable discussion, President Mike Rothman detailed the growing cybersecurity risks for members and affirmed NASAA's commitment to managing these risks.
The New York Department of Financial Services adopted standards for filtering programs that monitor transactions for potential anti-money laundering and Bank Secrecy Act violations and block transactions that are prohibited by the Treasury's Office of Foreign Assets Control.
Based on the findings of a 50-state review of local government disclosure, issuance and audit practices, SIFMA asserted that state governments are in a "unique position" to ensure that local governments issuing bonds make complete and timely disclosure of financial information and comply with all federal contracting requirements.
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