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

Snell & Wilmer’s Sarah Hibbard says many startups will need to comply with the CTA but that founders may struggle to prepare ...

Plus: Trump tariffs, beneficial ownership information (BOI) reporting, Earned Income Tax Credit, student loan interest ...

The article showcases the key Trade-Based Money Laundering typologies which indicate the diverse methods used by perpetrators to exploit trade transactions for money laundering purposes. Hopefully, ...

the expanded reporting requirements of Form PF will further challenge asset managers and compliance teams, demanding additional time and resources to meet these obligations. Not to be outdone, the ...

FinCEN has provided several examples of the types of suspicious activities certain ... the place to start is to look at the existing SAR form itself. There are dozens of types of activities that ...

Here are some examples of documents you may need ... Griffith mentioned two forms that must be used to disclose offshore income: FinCen Form 114: FinCen is the U.S. Treasury’s Financial Crimes ...

For example, if you paid $15,000 in taxes to ... you must file an FBAR (FinCEN Form 114) with the Financial Crimes Enforcement Network (FinCEN). Failure to file can result in severe penalties.

Then the Justice Department filed an appeal of the order Dec. 5, on behalf of the Treasury Department’s Financial Crimes Enforcement Network (FinCEN). On Dec. 23 ... suppliers enrolled in the services ...

This can lead to potential criminal and civil penalties if reporting companies willfully don’t file or update a timely report with FinCEN, or if they willfully ... or exercise any other form of ...