Discusses the willfully requirement for the filing of FINCEN Beneficial Ownership Information Reports (BOIR) under the ...

Starting last January, the U.S. Department of Treasury’s Financial Crimes Enforcement Network has opened a portal for ...

If an injunction is lifted, FinCEN will extend BOI filing deadlines for 30 days and reassess the types of companies required to file beneficial ownership information reports, the government said in ...

The BOI is the U.S. Treasury ... beneficial owner information, FinCEN will determine appropriate enforcement response in the form of civil or criminal penalties. Those penalties are stiff ...

Peken Global, operating KuCoin since 2019, agreed to pay penalties worth $297 million for failing to register as a money transmitting business with the U.S. Treasury’s Financial Crimes Enforcement ...

In connection with the guilty plea, PEKEN agreed to “pay monetary penalties totaling more than ... business required to register with FinCEN and reported suspicious transactions.” ...

In connection with today’s guilty plea, PEKEN agreed to pay monetary penalties totaling more than ... business required to register with FinCEN and reported suspicious transactions.

and two years in prison with similarly serious penalties for unauthorized disclosure. The AICPA and state CPA societies have written numerous letters to Congress and FinCEN, urging a delay in the ...

The CTA mandates that organizations that have filed for incorporation under state law submit detailed reports to the Treasury's Financial Crimes Enforcement Network, or FinCEN, with civil and criminal ...

“These lower-court injunctions have temporarily impacted BOI reporting but do not address the core constitutional issues,” ...