Terence Grugan

Terence Grugan, co-chair of Ballard Spahr's AML team, dives into the evolving landscape of anti-money laundering compliance. He discusses recent regulatory streamlining efforts aimed at easing burdens on financial institutions. Terence highlights the emphasis on targeted examinations for community banks and emerging trends in non-bank entities under FinCEN. He also clarifies new SAR reporting guidance and the implications of the GENIUS Act for stablecoins, shedding light on compliance adaptations in the rapidly changing financial world.