Explainability (and its sibling, interpretability) is arguably the most important new legal concept developed in response to the creation of highly complex artificial intelligence models trained on massive amounts of data and computer power.


Continue Reading Explainability, misrepresentation, and the commercialization of artificial intelligence

On March 6, 2024, the US Departments of Commerce, Treasury, and Justice jointly issued a Tri-Seal Compliance Note putting non-US companies on notice that US sanctions and export controls may apply to them and that

Continue Reading US government reminds non-US companies of requirement to comply with US sanctions and export controls

Congress passed the Corporate Transparency Act (CTA) as an anti-money-laundering initiative in 2021. Absent an applicable exemption,[1] the CTA requires all entities formed or registered to do business in the US (reporting companies) to

Continue Reading Federal court finds the Corporate Transparency Act unconstitutional: Is compliance still required?

On February 23, 2024, the US Treasury Department’s Office of Foreign Assets Control (OFAC), in conjunction with the US State Department, added over 500 entities and individuals to the Specially Designated Nationals and Blocked Persons

Continue Reading New US sanctions target Russia and Russian sanctions evaders in financial, technology, defense, energy, and other sectors

On February 13, 2024, the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced a Notice of Proposed Rulemaking (NPRM). This would, for the first time, require SEC-Registered Investment Advisers (RIAs) and Exempt

Continue Reading Treasury proposes new anti-money laundering rule for investment advisers: Top points