JD Supra1d
FinCEN’s Geographic Targeting Order Increases Reporting Obligations for Money Services Businesses Located Near the United States–Mexico Border
On March 11, 2025, the United States Department of the Treasury’s (Treasury) Financial Crimes Enforcement Network (FinCEN) issued a ...
American Banker2d
FinCEN tightens rules for transactions near the southern border
A new order requires certain non-bank financial companies in certain ZIP codes to report transactions over $200, much lower than the previous $10,000 threshold.
Crowdfund Insider1d
FinCEN Targets Money Service Businesses in the Southwest to Battle Mexican Cartels
FinCEN, the enforcement arm of the US Department of Treasury, is taking an interesting approach to battling nefarious ...
JD Supra15h
Another CTA Freeze: Treasury Department Announces Suspension of Enforcement Against Domestic Reporting Companies
If you have been following our reports on the subject, you know that the Corporate Transparency Act (CTA) had a tumultuous ...
FINCEN Calls A Much Needed Time Out For Beneficial Ownership Information Reporting While Congress Mulls Changes
The U.S. Treasury's Financial Crimes Enforcement Network (FINCEN) has paused the Beneficial Ownership Information (BOI) ...
Treasury Declares New Ownership Reporting Law Will Apply Only To Foreign Companies
In a surprise announcement, the Trump Administration says it won’t apply the beneficial ownership requirements of the ...
US Treasury, Trump score a huge win for Main Street
Treasury Department put out a press release that could save tens of millions of small businesses from being treated like ...
Trump praises Treasury Department's move to suspend enforcement of BOI requirements
President Trump praised the Treasury Department late Sunday for its recent decision to suspend enforcement of the Beneficial ...
Compliance Week13d
Treasury announces plan to narrow CTA's scope; FinCEN says no fines, penalties for failure to report BOI
The Treasury Department's Financial Crimes Enforcement Network notified businesses that fail to report or update their ...
International Consortium of Investigative Journalists8d
Treasury Department won’t enforce beneficial ownership rule under the Corporate Transparency Act
The rule, which was held up in court for the last few months, would require foreign and domestic companies to disclose their ...
Treasury Department halts enforcement of BOI requirements: What to know
The Treasury Department announced that it is suspending enforcement of the Beneficial Ownership Information (BOI) reporting ...
Treasury Department suspends enforcement of ownership information reporting for millions of businesses
The rule was enacted to “make it harder for bad actors to hide or benefit from their ill-gotten gains through shell companies ...