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The impact of COVID-19 pandemic has resulted in financial institutions and regulators across the globe operating in an entirely new environment. The Financial Action Task Force (“FATF”) has identified the potential risk of criminals exploiting the unprecedented situation through cybercrime, fundraising for fake charities and medical scams, and emphasized the importance of financial institutions’ robust

Like many states across the country, the DC, Maryland, and Virginia area, which is commonly called “the DMV,” is restricting movement of residents in an effort to slow the spread of the COVID-19 pandemic. On March 30, 2020, the mayor of the District of Columbia and the governors of Virginia and Maryland issued updated orders in response to the rising number of COVID-19 cases and deaths in the DMV area.  The orders mandate stay at home requirements and restrict activities of non-essential businesses in each location.  The Virginia order extends the duration of the restrictions until June 10, 2020, while the duration of the DC and Maryland orders remain unchanged. The Maryland order remains in effect for an indefinite duration or until it is rescinded or changed, or the jurisdiction suspends the state of emergency; while the DC order maintains the target end date of April 24, 2020, although it reserves the authority to rescind, suspend, or extend the order.
Continue Reading DC, Maryland, and Virginia Issue Updated Orders Making Stay at Home the Norm in the DMV