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 ...

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

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 ...

Fincen reports that over 500,000 such SARs were filed last year ... There is also no record of how many were duplicative of a SAR filing. Still, one could argue that even a tiny marginal yield on CTRs ...

even though they were grown on foreign farms and imported to the U.S. The cities with the highest "shrimp fraud rate" were Tampa Bay and St. Petersburg, Florida, at 96%, according to SeaD Consulting.

New information identified by an adviser regarding a customer may result in potentially suspicious activity that may require a SAR filing. Furthermore, while FinCEN clarified that advisers are not ...

Quietly, just before the calendar turned for the new year, an already whopping debt tentatively owed by President-elect Donald Trump and co-defendants in his New York civil fraud case hit an eye ...

The U.S. Supreme Court is allowing the Financial Crimes Enforcement Network (FinCEN) to penalize entities for not filing required beneficial ownership information (BOI) reports, however, a separate ...