Monthly Archive:: May 2018

In late January of 2018, FinCEN announced the update to the Suspicious Activity Report (SAR) that will be available on June 22, 2018. The updated SAR form has been revised and includes half a dozen changes. These changes include: a new field that will ...Read More

As we head into spring, one of the biggest changes in public accounting standards is looming closer each day. In 2016, the Financial Accounting Standards Board (FASB) announced an accounting standards update (ASU) — ASU No. 2016-02 — which will improve the ways banks ...Read More

by James H. White III and Michael G. Rediker Among the major uncertainties surrounding corporate mergers and divestitures is the judicial appraisal process for mergers and asset sales where a court can be called upon to second guess the deal terms negotiated by the ...Read More

by Stephen Davis and Joey A. Chbeir U.S. Immigration and Customs Enforcement (“ICE”) is in the process of hiring approximately 10,000 additional ICE officers. Many of these will be assigned to investigate workforce compliance with immigration regulations. Tom Homan, the deputy director of ICE, ...Read More

Background On March 14, the United States Senate passed S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, which if enacted would provide significant regulatory relief to smaller financial institutions, including community banks, credit unions, midsize banks, small regional banks, and custody ...Read More

by Charles W. Prueter As we near the end of the Supreme Court’s Term, the Court has a number of momentous cases left to decide, and a quick peek into several of those cases is in order. While these potential blockbusters do not directly ...Read More