Closinglock has launched a free tool for its customers to automate FinCEN data collection, reducing manual work from 2-3 hours to minutes per file. The solution, available immediately, integrates with ...

The American Land Title Association has filed an amicus brief in support of Fidelity National Financial, which is suing the Treasury Department and the Financial Crimes Enforcement Network, looking to ...

The Financial Crimes Enforcement Network (FinCEN) issued on Monday a notice alerting U.S. financial institutions that reports of financially motivated sextortion schemes have sharply increased.

Federal regulators dropped a bombshell on August 4 when FinCEN warned banks about exploding Bitcoin ATM fraud. The numbers are brutal – complaints shot up 99% last year, victims lost $246.7 million, ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. FinCEN is issuing: (1) an Advisory to urge financial institutions to be ...

In an announcement on Friday, the firm stated that it has made enhancements to its Smart Forms offering, which the company said will help users streamline the new data collection and reporting ...

Private investment advisers have served as an entry point into U.S. markets for foreign investors using illicit finance associated with fraud, tax evasion and corruption, according to a 2024 Treasury ...

Prosecutors in the case against Tornado Cash developer Roman Storm are attempting to to sidestep the possibility that a New York judge forces them to hand over additional evidence that could help ...

The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued a final interim rule that eliminates beneficial ownership information (BOI) reporting obligations for U.S.-based ...

On Jan. 1, 2024, the Corporate Transparency Act (CTA) took effect. Originally enacted to combat financial crimes such as money laundering, terrorist financing, and tax evasion, the CTA requires ...

A Report of Foreign Bank and Financial Accounts must be filed by a U.S person with financial interests in or authority over certain foreign accounts. If you’re a U.S. citizen living abroad, it ...