Discusses the willfully requirement for the filing of FINCEN Beneficial Ownership Information Reports (BOIR) under the ...

U.S. Senator Tommy Tuberville (R-Ala.) and Congressman Warren Davidson (R-OH-08) have re-introduced the Repealing Big Brother ...

The Corporate Transparency Act (CTA), enacted in 2021, mandates that companies disclose their true ownership to the Financial Crimes ...

Scott Bessent, recently confirmed as Treasury Secretary in President Donald Trump's administration, is poised to tackle ...

U.S. Supreme Court stays one lower court’s injunction of the CTA, but another lower court’s order still keeps the Act in ...

On January 1, 2024, the Corporate Transparency Act (the “Act”) went into effect. The Act requires all non-exempt corporations, limited liability companies, and partnerships created or registered to do ...

On January 23, 2025, the Supreme Court of the United States granted the federal government’s motion to stay the nationwide ...

Treasury had to issue a note clarifying that, despite a court victory last week, another legal challenge continued to block ...

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 ...

The Financial Crimes Enforcement Network, the agency overseeing the implementation of the rule, issued a statement shortly after the Supreme Court decision saying that because of ongoing ...

KuCoin settled charges with the DOJ for operating an unlicensed money-transmitting business. The exchange agreed to pay $300 million in fines and forfeitures. KuCoin’s founders ...

Collects and analyzes data to identify suspicious financial activity.,The Financial Crimes Enforcement N... "Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ...