Corporate Transparency Act still on hold after Supreme Court lifts injunction
Small businesses are still not required to register with an agency called the Financial Crimes Enforcement Network, or FinCEN ...
JD Supra3d
CTA Enforcement Remains Paused Following Supreme Court Ruling Granting Stay of Injunction
On January 23, 2025, the Supreme Court of the United States granted the federal government’s motion to stay the nationwide ...
Supreme Court allows small business registration rule to take effect, aimed at money laundering
The Supreme Court has revived a requirement that owners of millions of small businesses register with an arm of the Treasury ...
WealthManagement.com4d
The Corporate Transparency Act Whipsaw Continues
U.S. Supreme Court stays one lower court’s injunction of the CTA, but another lower court’s order still keeps the Act in ...
JournalofAccountancy8d
FinCEN says BOI reporting remains on hold
The Financial Crimes Enforcement Network (FinCEN) said Friday that while the U.S. Supreme Court did stay one nationwide injunction, one issued by a different judge in a separate case remains in effect ...
Compliance Week2d
KuCoin latest crypto firm to pay hefty price for violating BSA with $297M penalty
Peken Global, operating KuCoin since 2019, agreed to pay penalties worth $297 million for failing to register as a money transmitting business with the U.S. Treasury’s Financial Crimes Enforcement ...
Wall Street Journal21d
FinCEN Asks Supreme Court to Reinstate Law Requiring Ownership Information
The U.S. Justice Department, on behalf of the Financial Crimes Enforcement Network, in an application filed on New Year’s Eve asked the Supreme Court to stay the injunction issued by a Texas ...
Newsday8d
Supreme Court allows small business registration rule to take effect, aimed at money laundering
Owners and part-owners of an estimated 32.6 million small businesses must register personal information with Treasury's Financial Crimes Enforcement Network, or FinCEN. The information includes ...