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

The BOI is the U.S. Treasury’s efforts to prevent illegal activities and financial crimes tied to business entities that may be formed to hide personal liability and owner information—specifically, ...

As I reported Thursday, the U.S. Supreme Court, in Texas Top Cop Shop, Inc. et al v. Merrick Garland, Attorney General of the ...

Update: On January 24, FinCEN published updated reporting guidance in which it announced that reporting companies are not ...

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 ...

FinCEN's report suggested that some of the increase over the two-year span could have been spurred by "raised awareness and vigilance" from financial institutions informed of criminal use of ...

The U.S. Treasury bureau proposed a rule that would require cryptocurrency exchanges to submit reports on withdrawals to “unhosted wallets.” The U.S. Department of the Treasury’s Financial Crimes ...

"Reporting companies that were created or registered prior to Jan. 1, 2024 have until Jan. 13, 2025 to file their initial beneficial ownership information reports with FinCEN," the agency said in ...