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How does Jordana Nelson's prior experience as a general counsel inform her work with firm clients? Read more>

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The M&A Advisor Winner 2017The M&A Advisor announced the winners of the 16th Annual M&A Advisor Awards on Monday, November 13 at the 2017 M&A Advisor Awards. Bass, Berry & Sims was named a winner in the two categories related to the following deals:

M&A Deal of the Year (from $1B-$5B) – Acquisition of CLARCOR Inc. by Parker Hannifin Corporation

Corporate/Strategic Deal of the Year (over $1B) – Acquisition of BNC Bancorp by Pinnacle Financial Partners

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Regulation A+

It seems that lately there has been a noticeable uptick in Regulation A+ activity, including several recent Reg A+ securities offerings where the stock now successfully trades on national exchanges. In light of this activity, we have published a set of FAQs about Regulation A+ securities offerings to help companies better understand this "mini-IPO" offering process, as well as pros and cons compared to a traditional underwritten IPO.

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Thad McBride Provides Insight on Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017

Compliance Reporter

Media Mentions

June 30, 2017

Bass, Berry & Sims attorney Thad McBride provided insights for an article in Compliance Reporter discussing the Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017 and the heightened compliance measures financial institutions may face if the bill is passed in the Senate. The bill would put forth an increased ability for regulators to crack down on questionable activity occurring beyond U.S. borders by reviewing records of coordinating institutions stateside. 

This would put a greater emphasis for businesses with overseas operations to "know your customer" and "know your customers' customers," especially banks. "There will be added due diligence requirements for financial services companies in terms of really knowing who they are dealing with," said Thad. "There will be added necessity to dig into who your customers are and who is involved in your transactions." 

For compliance professionals, the bill's increased scrutiny may create situations that require review of their business counterparts. It's important for compliance professionals to ensure that they are viewed as a resource, rather than a barrier in doing business. "There likely will be scenarios where it will be necessary to dig into who a client is and, to the extent you can be friendly with business people, it will make it easier to meet those new burdens," Thad added. 

The full article, "Senate AML Bill Would Raise KYC Burdens," was published on June 29, 2017, by Compliance Reporter and is available online (subscription required).


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