Exemption for Foreign Reporting Companies with beneficial owners who are all U.S. persons: Foreign reporting companies are ...

On March 14, 2025, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a Geographic Targeting Order (GTO) ...

Although dollar thresholds for Suspicious Activity Report requirements remain the same (i.e., as low as $2,000), 2 FinCEN ...

The Trump administration is seeking more information about your financial transactions—but only if you live in one of 30 ZIP ...

A new order requires certain non-bank financial companies in certain ZIP codes to report transactions over $200, much lower than the previous $10,000 threshold.

According to a public statement, FinCEN is gunning for Mexican cartels who utilize money services businesses in the Southwest of the country. Secretary of the Treasury Scott Bessent said the GTO ...

FinCEN "issued a Geographic Targeting Order (GTO) to further combat the illicit activities and money laundering of Mexico-based cartels and other criminal actors along the southwest border of the ...

Business owners are now required to file beneficial ownership information (BOI) under the Financial Crimes Enforcement Network (FinCEN) or face fines and/or jail time. Owners have until March 21 ...

FinCEN, which enforces BOI requirements under the Corporate ... identity of "company applicants" — defined as any individual who files an application to form a corporation, limited liability company, ...

ADDRESS AND SOME FORM OF IDENTIFICATION. AND IF YOU’RE COMFORTABLE WITH THE TECHNOLOGY AND GOING ONLINE TO DO THIS, IT TAKES 5 TO 10 MINUTES. NOW, ACCORDING TO THE WEBSITE, FINCEN SAYS IT WILL ...