News

JD Supra4d
Corporate Transparency Act: FinCEN Narrows Reporting Rules, Exempting U.S. Entities and Beneficial Owners
On March 21, 2025, the Financial Crimes Enforcement Network issued an interim final rule exempting all U.S. entities and ...
JD Supra1d
Anti-Money Laundering Enforcement Risk Still Remains for Virtual Asset Services Providers
Despite the Trump administration’s generally favorable stance toward cryptocurrency and blockchain innovation, virtual asset services ...
New York Magazine on MSN4d
Who Owns That Penthouse? Now No One Will Know.
The Trump administration just hobbled a federal crackdown on corporate secrecy, making it easier to launder money through ...
US Treasury's financial crimes unit won't require ownership reporting from US firms
The U.S. Treasury Department's financial crimes unit said on Wednesday it has issued a new rule that will narrow a key ...
‘Financial surveillance’ concerns arise from U.S. Treasury order issued to catch cartel activity
The U.S. government is casting a net across 30 ZIP codes in California and Texas to catch cash transactions connected to Mexican cartels. The Department of the Treasury’s Financial Crimes ...
American Banker28d
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 ...
Opinion
Weirton Daily Times7dOpinion
Broad-strokes, unintended consequences could harm West Virginia
On March 26, 2025, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) filed an interim final rule that substantially relieves undue burdens on domestic businesses ...