The Corporate Transparency Act (“CTA”) continues to take reporting companies on a roller coaster ride. Now, there are not ...

Update: On January 24, FinCEN published updated reporting guidance in which it announced that reporting companies are not ...

The Financial Crimes Enforcement Network (FinCEN), a bureau within the U.S. Department of the Treasury, has imposed its first-ever penalty on a peer-to-peer crypto exchange for violating AML ...

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

Finally, FinCEN issues new FAQs that complicate the reporting process (e.g., dissolved entities, trusts, etc.). Noncompliance penalties are about $600/day per infraction and up to two years in jail.

Senate Banking Chairman Tim Scott is leading a roundtable Thursday with committee Republicans and bank executives on ...

Even the single-member LLCs, which are “disregarded” for income tax purposes, must file reports with FinCEN under the CTA. The term “ownership” itself is not as straightforward or simple ...

The Financial Crimes Enforcement Network list includes inflation-adjusted amounts for the civil monetary penalties for violating beneficial ownership information reporting rules.

The U.S. FinCEN has hired Michele Korver, previously in the DOJ Digital Currency Council, as the first-ever Chief Digital Currency Advisor. The U.S. Financial Crimes Enforcement Network (FinCEN) ...