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, ...
‘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 ...
JournalofAccountancy23d
FinCEN extends BOI reporting deadline, halts enforcement
The Financial Crimes Enforcement Network (FinCEN) will extend the current March 21 beneficial ownership information (BOI) reporting deadline, has suspended BOI enforcement, and will develop new ...
JD Supra6d
FinCEN Issues Geographic Targeting Order for U.S. Southwestern Border
Our Financial Services and White Collar, Government & Internal Investigations Groups unpack the Financial Crimes Enforcement Network’s new ...
Failure To Report Foreign Accounts Leads To $2 Million Penalty
For individuals and businesses with foreign financial accounts, strict adherence to FBAR reporting rules is essential, and ...
American Banker11d
FinCEN tightens rules for transactions near the southern border
The Financial Crimes Enforcement Network (FinCEN) will require money services businesses (MSBs) near the U.S.-Mexico border to report smaller cash transactions to the government, lowering the ...
JD Supra8d
FinCEN Geographic Targeting Order Imposes Additional Recordkeeping and Reporting Requirements
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) on March 11, 2025, issued a Geographic Targeting Order ...
Compliance Week12d
Two senators want to know: What’s the legal basis for suspending enforcement of the CTA?
Two senators behind the Corporate Transparency Act have demanded that U.S. Treasury Secretary Scott Bessent justify his ...
The New York Sun3d
Border Residents Face New Financial Scrutiny, With $200 Transactions To Be Flagged and Reported as Possible Money Laundering
The Treasury Department lowers the reporting threshold for cash transactions in Texas and California counties to combat ...
American Banker9d
Fraud and scams plateaued but got more expensive in 2024
Both consumers and banks reported that the rate of fraud and scams has steadied, according to Fincen and FTC data, but the ...
Central Maine1d
Maine lawmakers consider bill to make banking easier for the cannabis industry
Since cannabis is still illegal under federal law, the lucrative industry has struggled with limited access to loans and ...