National Law Review

FinCEN Proposes Reforms to AML/CFT Program Requirements

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) published a notice of proposed rulemaking (Proposed Rule) designed to reform anti-money laundering and countering ...
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FinCEN urged to ease real estate rule burden on small firms

The American Land Title Association is pressing the U.S. Treasury’s Financial Crimes Enforcement Network to revise its residential real estate reporting rule, arguing it disproportionately burdens ...

FinCEN Should Use Special Authority to Enable Better Compliance

Opinion: FinCEN should use its special measures authority to better ensure that foreign financial institutions seeking access ...
JD Supra

Corporate Transparency Act: Filing Requirements Once Again Voluntary – FinCEN Announces No Enforcement Action for Reporting Failures

Last week, we reported that the Financial Crimes Enforcement Network (FinCEN) reinstated the Corporate Transparency Act’s (CTA) beneficial ownership information (BOI) reporting requirements, with a ...
JD Supra

Corporate Transparency Act – FinCEN Narrows Scope of Reporting Requirements and Extends Deadline

In the latest twist in the ongoing Corporate Transparency Act (“CTA”) and beneficial ownership information (“BOI”) reporting requirements saga, news [1] came from Washington on March 21, 2025, that ...
Forbes

The FINCEN Beneficial Ownership Information Reporting Deadline Might Be Extended, But Prepare To File Now Anyway

It appears that FINCEN's Beneficial Ownership Information ("BOI") reporting deadline will be moved to January 1, 2026, at least for companies that were required to file for 2024. This is related in ...
American Banker

FinCEN tightens rules for transactions near the southern border

The Financial Crimes Enforcement Network (FinCEN) will require money services businesses (MSBs) near the U.S.-Mexico border to report smaller cash transactions to the government, lowering the ...
American Banker

Fincen seeks comment on costs of nonbank AML compliance

Key insight: The agency predicts it will collect voluntary survey data on anti-money-laundering compliance costs from hundreds of thousands of nonbank institutions. Supporting Data: The agency expects ...
JournalofAccountancy

March 21 BOI reporting deadline set; further delay possible

Most small businesses required to file beneficial ownership information (BOI) reports will have until March 21 to do so after a federal district court lifted the last remaining nationwide injunction ...
JournalofAccountancy

FinCEN hints at BOI reporting changes in court filing

The Financial Crimes Enforcement Network (FinCEN) will consider changes to the beneficial ownership information (BOI) reporting requirements if a court grants the government’s request for a stay of a ...
National Law Review

FinCEN Proposes Major Revisions to AML/CFT Program Requirements

Require “effective” AML/CFT programs. FinCEN would formally distinguish between establishing an AML/CFT program and maintaining it through implementation in all material respects, with that ...