North America: Compliance

ActBlue CEO Regina Wallace-Jones invoked her Fifth Amendment right and refused to answer questions during testimony before the House Administration Committee amid allegations that the Democratic fundraising platform facilitated foreign campaign donations.

Automatic Exchange of Information (“AEOI”) is an integral part of the global platform on fighting tax evasion. The AEOI regulatory framework entails cross-jurisdictional sharing of key data in relation to client financial accounts and transactions. AEOI encompasses the US Foreign Account Tax Compliance Act (“FATCA”) and the OECD’s Common Reporting Standard (“CRS”) frameworks and requires due diligence efforts as well as reporting.

Extended Producer Responsibility (EPR) programs are rapidly expanding across states, creating new compliance requirements, financial exposure, and data-driven reporting obligations...