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OFAC Compliance: A Risk-Based Approach

OFAC Compliance: A Risk-Based Approach

OFAC - “What is that, and do I care?” The answer to the latter question should be a resounding “Yes” if you are in bank management, compliance, account on-boarding, or transaction monitoring. OFAC, the acronym for the Office of Foreign Assets Control of the U.S....

Using AI in the Workplace

Using AI in the Workplace

As the adoption of Artificial Intelligence (AI) continues to grow in workplaces, it's crucial to approach its integration with a critical eye. While AI offers potential benefits such as increased efficiency, it also presents significant challenges, particularly...

July 1: Medical Cannabis No Longer Protected in Safety-Sensitive Jobs

July 1: Medical Cannabis No Longer Protected in Safety-Sensitive Jobs

Recent years have seen a robust public discussion unfold over the legal status of cannabis in South Dakota. For employers, Senate Bill 12 represents a new chapter in this ongoing dialogue, which changes certain rules applicable to employees in “safety-sensitive jobs”...

Schulte, Theeler named judicial nominees by Biden administration

Schulte, Theeler named judicial nominees by Biden administration

The following is shared courtesy of the ArgusLeader.com, Stu Whitney, and South Dakota News Watch Eric Schulte and Camela Theeler, both of Sioux Falls, were officially nominated Wednesday as federal district judges by President Joe Biden’s administration, putting...

DOL Releases Independent Contractor Final Rule

DOL Releases Independent Contractor Final Rule

Earlier this month, the Department of Labor’s Wage and Hour Division released its final rule regarding worker classification, entitled “Employee or Independent Contractor Classification Under the Fair Labor Standards Act.” The final rule, which was published on...

Avoid Fines and Liability with CTA FinCEN Filings

Avoid Fines and Liability with CTA FinCEN Filings

The Corporate Transparency Act (CTA), which became effective on January 1, 2024, is a new federal law and regulatory scheme that will have a dramatic and widespread impact on millions of people. Millions of owners of LLCs, corporations, limited partnerships, and other...

What to Consider When Accepting Personal Property Collateral

What to Consider When Accepting Personal Property Collateral

What is the practical value of personal property pledged as security for a loan? The Uniform Commercial Code theoretically allows debtors to pledge their interests in a wide variety of property as security for a debt, ranging from the common, like equipment, accounts,...

Managing a Buy Now, Pay Later Loan Program

Managing a Buy Now, Pay Later Loan Program

If you purchased something online this holiday season, you were likely given multiple payment options at checkout, including an option to “buy now, pay later (BNPL)”. A BNPL loan allows borrowers to defer payment on purchased items. Borrowers pay little to nothing at...

Davenport Evans Announces New Partner Ashley Brost

Davenport Evans Announces New Partner Ashley Brost

Davenport, Evans, Hurwitz & Smith, LLP is pleased to announce that Ashley R. Brost has become a partner in the firm. Originally from Sioux Falls, Ashley Brost joined Davenport Evans in 2018. Ashley is a litigation attorney focused on commercial litigation with an...