Treasury Under Secretary for Terrorism and Financial Intelligence Brian E. Nelson (i) reviewed the Department's efforts to target Russia's "war machine" and (ii) identified risks present in countering illicit finance.
SEC Director Peter Driscoll described the regulatory and operational challenges of delivering financial services during the pandemic, the issuance of alerts on pandemic and emergent risks (including on cybersecurity), and the roll out of Regulation Best Interest.
The Treasury Department urged financial institutions to be on alert for malicious or fraudulent transactions, and to notify FinCEN of any potential delays in submitting Suspicious Activity Reports.
NFA highlighted certain regulatory obligations and available resources for (i) CPOs/CTAs, (ii) swap dealers, and (iii) futures commission merchants, forex dealer members and introducing brokers.
The Financial Crimes Enforcement Network extended time-limited relief from the Beneficial Ownership Rule for certain financial products or services that automatically roll over or renew.