Sumitomo Mitsui Trust Bank, Limited and Sumitomo Mitsui Trust Holdings, Inc.

This article discusses the rise and fall of corporate structures commonly referred to as “conglomerates.” They represent a collection of different companies, either in distinct industries or concentrated in one...Read more

On October 11, 2023, the Federal Deposit Insurance Corporation (the “FDIC”) issued proposed mandatory Guidelines (the “Guidelines”) concerning the roles and responsibilities of directors of banks whose deposits are insured...Read more

My former employer of thirty-three years is a Japanese financial institution (the “Bank”) and is subject to comprehensive regulation in the United States at both the Federal and State levels....Read more

Part One of this Article focused on the U.S. Government’s anti-money laundering/contra terrorist financing (“AML”) efforts, certain deficiencies in the 2001 USA Patriot Act, which was enacted following the terrorist...Read more

The U.S. Government finally seems to begin focusing on closing long-standing and significant gaps in existing anti-money and contra-terrorist financing laws (together, “AML”) that have been in existence for nearly...Read more

I first learned about a strange new virus emanating from Central China during a business lunch meeting in Tokyo in mid-January 2020. My Japanese colleague knew few details about the...Read more

On April 30, 2019, the U.S. Department of Justice, Criminal Division (the “DOJ”) published updated guidance (the “DOJ Guidance”) on the evaluation of a company’s corporate compliance program (a “CCP”)....Read more

Anti-money laundering requirements, specifically those prohibiting the funding of countries and entities subject to U.S. sanctions laws, continue to be a top priority of bank regulatory agencies in the United...Read more

Legal and compliance are two essential functions in any contemporary organizational structure. The specific relationship between these two functions, including reporting lines and division of responsibilities, may well vary depending...Read more

Since the financial meltdown of 2008, highlighted by the Lehman Brothers collapse on September 15, the standing of banks in the United States has declined precipitously, with no current prospects...Read more