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Industry
Winston’s financial crimes compliance lawyers have been providing regulatory compliance counseling and enforcement services related to the Bank Secrecy Act (BSA), the Anti-Money Laundering Act of 2020 (AML), and countering the financing of terrorism (CFT) policy for decades. We also have experience with international AML matters, including in the EU and with respect to Financial Actions Task Force (FATF) recommendations.
Industry
Insurance plays an essential role in risk mitigation for financial services companies. As risks evolve, questions often arise concerning the scope of insurance coverage and the interpretation and application of policy provisions. Winston’s insurance lawyers provide companies with best-in-class advice, corporate and transactional counsel, and, if need be, litigation defense in high-stakes coverage disputes and class actions. We have achieved excellent outcomes for our clients in matters involving a wide variety of insurance policies and claims, including cybersecurity, travel, long-term care, and annuities, among others. Moreover, we have experience in emerging issues and industries, such as blockchain technology and artificial intelligence, both of which present insurers with a unique and complicated set of risks and opportunities.
Industry
For more than a century, Winston has been a trusted advisor and advocate to financial services clients around the world, advising them in some of their highest-stakes and most sensitive matters. Our multidisciplinary Financial Services Industry Group represents leading banks and financial services companies in a range of complex corporate and transactional matters; litigation and disputes; and regulatory, compliance, and enforcement matters.
Insights & News 37 results
Client Alert
|August 20, 2024
|5 Min Read
The Corporate Transparency Act: Coming to A Reporting Company Near You
The Corporate Transparency Act (CTA) establishes beneficial ownership information (BOI) reporting requirements for the vast majority of privately held corporations, limited liability companies (LLCs), and other similar entities created in, or registered to do business in, any of the states of the United States (U.S.), known as “reporting companies.”[1] Millions of reporting companies created prior to January 1, 2024 are facing the fast-approaching BOI reporting compliance deadline of January 1, 2025. Yet, a recent survey of 200 general counsels, corporate secretaries, and other legal and compliance executives from across a broad range of industries revealed that 83% of respondents were “concerned or very concerned” about their own organization’s readiness to comply with the CTA.[2]
Client Alert
|May 31, 2024
|4 Min Read
Do You Know Your Customer? FinCEN & SEC Propose New Investment Adviser KYC Obligations
On May 21, 2024, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and the U.S. Securities and Exchange Commission (the SEC) published a joint notice of proposed rulemaking (the Proposed Rule) in the Federal Register. If adopted, the Proposed Rule would impose Customer Identification Program (CIP) requirements on both:
Speaking Engagement
|April 9, 2024
Winston & Strawn partner Carl Fornaris was a panelist on Strafford’s “Corporate Transparency Act’s Impact on Banking: Ensuring Compliance; Interplay With Know Your Client Due Diligence Rules” on April 9, 2024.
Other Results 11 results
Site Content
Location
Winston & Strawn’s Miami office opened in 2022 and represents the firm’s largest expansion in several years. Located in the heart of the city’s Financial District, the office launched with a strong team of transactional and litigation partners from prestigious law firms operating in South Florida. Our Miami office leverages the area’s status as a critical nexus point for banking and international trade with the United States, Europe, Latin America, and other parts of the world. Our attorneys have the cultural fluency and local knowledge necessary to work seamlessly with international clients, particularly those with ties to Latin America.
Location
Winston & Strawn’s Washington, D.C. office—the first outside of Chicago—opened its doors in 1970. The office is home to 75+ attorneys, many of whom are nationally recognized and award-winning, with experience navigating clients through regulatory and enforcement issues as well as complicated governmental processes. Located in the center of the nation’s capital, the D.C. office assists clients at the intersection of business, government, and law. We represent 75+ Fortune 500 companies and employ eight attorneys with prior government experience. The office also boasts a nationally ranked eDiscovery group known for providing a full-service practice.