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Texas Court Invalidates DOL Overtime Exemption Salary Threshold Rule
A federal judge in Texas struck down the DOL's latest attempt to raise the minimum salary thresholds for the FLSA's white-collar overtime exemption, finding that the rule exceeded the agency’s statutory authority. Login Required.
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2019 Terrorist Assets Report
OFAC has released the 2019 Terrorist Assets Report. -
FinCEN Issues COVID-19 Scam Alert
The Financial Crimes Enforcement Network (FinCEN) issued Notice FIN-2020-NTC4 yesterday to alert financial institutions about the potential for fraud, ransomware attacks, or similar types of criminal activity related to COVID-19 vaccines and their distribution. -
OFAC Adds FAQs On Chinese Military Companies
OFAC has posted a Notice of Recent Actions to announce new Frequently Asked Questions related to Executive Order 13959... -
NCUA Board Approves Rules and Proposals
The National Credit Union Administration Board held the first of two consecutive open meetings in December. -
FATF Updates COVID-19 Report
The FATF issued a report in May 2020 highlighting COVID-19-related money laundering and terrorist financing risks and policy responses. -
FinCEN Proposes Virtual Currency and Digital Assets Rules
The Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued a proposed rule that would require banks and money services businesses (MSBs) to submit reports, keep records, and verify the identity of customers... -
Solar Winds - What to do Next?
The network management software firm SolarWinds experienced a massive cyberattack in March that went undetected until mid-December.
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