Ukraine Crisis – US Sanctions Update – ARCHIVE
An archive of US Sanctions during the Ukraine Crisis.
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EBA Final Draft Regulatory Technical Standards relating to Risk Retention
On 12 April 2022 the European Banking Authority published final draft regulatory technical standards relating to risk retention pursuant to the EU Securitisation Regulation. The Final Draft will enter into force on the 20th day following its publication. It will replace the current technical standards under the EU Capital Requirements Regulation.
US FinCEN Warns Financial Institutions About Activities of Kleptocracies and Foreign Corruption
On April 14, 2022, the US Financial Crimes Enforcement Network (“FinCEN”) urged financial institutions to focus on detecting, reporting, and blocking funds associated with kleptocracies and other forms of foreign public corruption.
Electronic Discovery & Information Governance – Tip of the Month: Adapting Information Governance and eDiscovery to the “New Normal”
In this scenario we look at a large financial services firm engaged outside counsel and an eDiscovery provider for an internal investigation relating to trading activities that may result in the need for disclosures to regulators and follow-on civil suits.
Landmark US Humanitarian Parole Program: Uniting For Ukraine
The conflict in Ukraine has caused civilian casualties and destruction of infrastructure. Since the Ukraine-Russia military crisis escalated two months ago, over 5.2 million Ukrainians have left their homeland as they seek safety and protection in neighboring countries and abroad.
Poland Expands Support for Ukrainians
Over the past two months, approximately 5 million Ukrainians have departed their homeland due to the escalating military conflict with Russia. Poland has received the majority of these individuals—taking in more than 2.8 million people according to the latest estimate from the UN High Commissioner for Refugees.
Landmark Decision from California’s Supreme Court Confirms Limitation on Ability to Assert Tort Claims Against Lenders
A recent, important decision from California’s Supreme Court clarifies lender liability in connection with servicing loans in default and limits a homeowner’s ability to assert tort claims against lenders and loan servicers.
