United Kingdom: COVID-19 - PRA allows cash bonuses of large UK banks to recommence

On 10 December 2020, the Prudential Regulation Authority (PRA) published a statement on capital distributions by large UK banks. In a move that…

FDIC adopts final rule regarding ILC applications

The Federal Deposit Insurance Corporation (FDIC) approved on Dec. 15, 2020, a final rule that clarifies how it intends to treat applications…

The Anti-Money Laundering Act of 2020: Congress enacts the most sweeping AML legislation since passage of the USA PATRIOT Act

On Jan. 1, 2021, the U.S. Senate overwhelmingly voted (81-13) to override President Trump’s veto of the National Defense Authorization Act for Fiscal…

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