Browsing: FINCEN

Key insight: The agency predicts it will collect voluntary survey data on anti-money laundering compliance costs from hundreds of thousands of nonbank institutions. Supporting Data: The agency…

Key insight: The Treasury’s investment adviser rule outlining anti-money laundering requirements for advisers could be pushed back by years.Supporting data: The agency estimated the move could…

Key insight: While anyone can become a victim of sextortion, the schemes often target boys aged 14 to 17.What’s at stake: The National Center for Missing…

The Financial Crimes Enforcement Network (FinCEN) issued a notice on Monday urging financial institutions to significantly increase their vigilance in identifying and reporting suspicious activity involving…

A joke going around is that the new FINCEN rule abolishing reporting requirements should be called … More the “Make Fentanyl Great Again” rule.getty The Financial…

The Financial Crimes Enforcement Network (FinCEN) will require money services businesses (MSBs) near the U.S.-Mexico border to report smaller cash transactions to the government, lowering the…

The U.S. Congress started the BOI problem and now needs to fix it.getty We last visited FINCEN’s Beneficial Ownership Information (BOI) reporting requirements in my article,…

Treasury Secretary Janet Yellen speaks to reporters following a tour at one of the Financial Crimes … [+] Enforcement Network (FinCEN) locations on January 8, 2024…

The Ubiquitous HOAgetty The Corporate Transparency Act (“CTA”) requires that certain entities file annual reports with the Financial Crimes Enforcement Network (“FINCEN”) by December 31. In…