On 1/4/24, FinCEN published additional BOI FAQ’s to include new information about reporting companies, beneficial owners, company applicants, reporting requirements, and reporting company exemptions, ...

FinCEN’s residential real estate rule will become effective on March 1, 2026, and requires certain professionals involved in real estate closing and settlements to submit reports to FinCEN regarding ...

The Report of Foreign Bank and Financial Accounts (FinCEN Form 114) commonly called the FBAR is a crucial reporting requirement for U.S. persons with foreign financial accounts. With the deadline for ...

November 11, 2024 - Everyone would agree that money laundering by terrorists, enemy nations, and other bad actors is a problem that the government should try to control. With just such intentions, the ...

In 2019, Congress passed the Corporate Transparency Act which went into law in 2021 and essentially requires most business entities (such as corporations, partnerships and LLCs) that are not publicly ...

The U.S. Treasury Department has delayed the deadline for millions of small businesses to Jan. 13, 2025, to file a new form, known as a Beneficial Ownership Information report. The Treasury had ...

WASHINGTON — The Financial Crimes Enforcement Network on Wednesday released a new electronic form to allow prepaid card providers — as well as foreign money services businesses — to register with the ...

The director of the Financial Crimes Enforcement Network told a congressional subcommittee that she’s “very optimistic” that ...