The attorneys representing FinCEN said the government is likely to succeed in defending the constitutionality of the law and that the district court’s injunction was “vastly overbroad ...

The CTA will struggle to work as designed.

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In light of the decision, reporting companies are required to submit beneficial ownership information to Fincen, but the Treasury Department has extended the filing deadlines. Companies created or ...

Garland. Previously, FinCEN had extended the deadline from January 1, 2025. The Fifth Circuit justified this flip flop on the basis that: “The merits panel now has the appeal, which remains ...

"Human traffickers and perpetrators of related crimes despicably exploit adults and children for financial gain," said FinCEN Director Andrea Gacki, in a statement. Financial firms flagging these ...

McHenry, the Financial Crimes Enforcement Network (“FinCEN”) confirmed compliance with the Corporate Transparency Act (“CTA”) remains voluntary. On January 24, 2025, FinCEN posted the ...

January 24, 2025 Update: On January 24, FinCEN published updated reporting guidance in which it announced that reporting companies are not currently required to file beneficial ownership ...

FinCEN has proposed to regulate Bitcoin privacy tech under the PATRIOT Act. But the data used to support FinCEN‘s proposal is partial at best, highlighting the gravity of blockchain surveillance ...