McHenry, the Financial Crimes Enforcement Network (“FinCEN”) confirmed compliance with the Corporate Transparency Act (“CTA”) remains voluntary. On January 24, 2025, FinCEN posted the ...

Reporting companies covered by the Corporate Transparency Act's (CTA's) beneficial ownership information (BOI) reporting requirement do not have to file the reports while an injunction remains in ...

January 24, 2025 Update: On January 24, FinCEN published updated reporting guidance in which it announced that reporting companies are not currently required to file beneficial ownership ...

A whistleblower complaint filed with the U.S. Treasury Department's Financial Crimes Enforcement Unit, or FinCEN, alleges that Mastercard and Visa failed to stop their payment networks from ...

You are responsible for reading, understanding, and agreeing to the National Law Review's (NLR’s) and the National Law Forum LLC's Terms of Use and Privacy Policy ...

The attorneys representing FinCEN said the government is likely to succeed in defending the constitutionality of the law and that the district court’s injunction was “vastly overbroad ...

You are responsible for reading, understanding, and agreeing to the National Law Review's (NLR’s) and the National Law Forum LLC's Terms of Use and Privacy Policy ...

In 1970, Congress authorized the Treasury to impose a Currency Transaction Report regime to provide information to ... engages in a series of cash transactions that add up to $10,000. Fincen reports ...