Revised Beneficial Ownership Information (BOI) Rule Exempts U.S. Companies From Reporting
U.S. businesses no longer have to comply with the beneficial ownership information (BOI) reporting filing requirements of the ...
JD Supra2d
Corporate Transparency Act: FinCEN and the Treasury Announce Nonenforcement for Domestic Reporting Companies
Following announcements from the Financial Crimes Enforcement Network (“FinCEN”) on February 27, 2025, and the United States ...
National Law Review2d
Effective April 14: FinCEN GTO Requires MSBs Along US Southwest Border to Report Transactions in Currency of More than $200
Although dollar thresholds for Suspicious Activity Report requirements remain the same (i.e., as low as $2,000), 2 FinCEN ...
New financial reporting rules for some money services: See list of 30 ZIP codes affected
California and Texas ZIP codes could be impacted by a new financial reporting order from U.S. Treasury Dept. See the list, ...
National Law Review5d
CTA Reporting Now Required, but FinCEN Waives Penalties and Indicates New Reporting Deadline Extension Likely Later This Year
Update: On March 2, 2025, the Secretary of the Treasury posted a press release in which he stated that the Treasury ...
Journal of Accountancy2d
BOI filing requirements for U.S. companies, persons removed
FinCEN issued an interim final rule Friday removing the requirement for U.S. companies and U.S. persons to report beneficial ...
Treasury Declares New Ownership Reporting Law Will Apply Only To Foreign Companies
In a surprise announcement, the Trump Administration says it won’t apply the beneficial ownership requirements of the ...
‘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 ...
Taking $200 Out of an ATM Should Not Trigger Federal Financial Surveillance
One of President Donald Trump's Day 1 executive orders designated "certain international cartels" as "foreign terrorist ...
JD Supra4d
FinCEN Issues GTO Imposing New Obligations on Southwest Border MSBs
On March 14, 2025, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a Geographic Targeting Order (GTO) ...
Map Shows Zip Codes Where $200 Transactions Could Trigger Federal Reporting
People transferring cash in California and Texas could be asked for personal information as part of a new Trump initiative to ...
Long Island Business News11d
Feds won’t enforce reporting for LLC and corporate ownership
After several months of back-and-forth court decisions and extended deadlines, the U.S. Treasury Department announced it ...