The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued orders identifying three Mexico-based financial institutions as being of primary money laundering concern in connection with illicit opioid trafficking. These orders are... Read more »
FinCEN issued an interim final rule (IFR) that revises the definition of a reporting company under the Corporate Transparency Act (CTA), provides new reporting deadlines for non-exempt reporting companies, and exempts all... Read more »
The Financial Crimes Enforcement Network (FinCEN) issued a release pausing enforcement measures under the Corporate Transparency Act (CTA), including fines or penalties, for failure to file or update the beneficial ownership information... Read more »
As 2024 approaches, the Financial Crimes Enforcement Network (FinCEN) issued a number of updates and guidance in anticipation of the Corporate Transparency Act (CTA) becoming effective on January 1, 2024. The CTA... Read more »