Fincen launched the beneficial ownership database in January 2024, initially giving companies a year to submit their information. But legal and political resistance, particularly from business allies ...

On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) announced significant changes to the Beneficial Ownership Information Reporting (BOIR) requirements (Department of the Treasury ...

FinCEN’s order seeks to combat illicit financial transactions and money laundering by Mexican drug cartels and other criminal organizations, but the money services businesses say the onerous ...

On Wednesday, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network released a report detailing the different legs of the fentanyl trade. According to the report ...

On March 21, 2025, the previous deadline to report Beneficial Ownership Information (BOI) to the Financial Crimes Enforcement Network (FinCEN) under the Corporate Transparency Act (CTA), FinCEN ...

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March 21, 2025 – WASHINGTON––Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, the Financial Crimes Enforcement Network (FinCEN) is issuing an interim final rule that ...