Monthly Archives: December 2019

California Consumer Privacy Act to Go Into Effect January 1, 2020

On January 1, 2020, the California Consumer Privacy Act (the “CCPA”) will go into effect as previously reported.  The law will largely set the standard for data privacy in the United States as it will apply not just to California businesses over certain thresholds but to all businesses that do business in California, including internet… Read more »

CFTC, FinCen and SEC Joint “Reminder” to Cryptocurrency World of AML Requirements

On October 11, 2019, the Commodity Futures Trading Commission (the “CFTC”), the Financial Crimes Enforcement Network (“FinCen”) of the U.S. Treasury and the Securities and Exchange Commission (the “SEC”) issued a joint statement reminding “persons engaged in activities involving digital assets of  their anti-money laundering and countering of financing of terrorism (“AML/CFT”) obligations under the… Read more »

UK Financial Conduct Authority to Act as AML and Counter-Terrorist Supervisor for Cryptoasset Businesses

The UK Financial Conduct Authority has announced on a website that it has been appointed to be the anti-money laundering and counter terrorist financing supervisor for UK cryptoasset businesses under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 from January 10, 2020.  Although the definition of cryptoasset businesses has… Read more »