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TheStreet on MSN2mon
FBAR compliance: Reporting your foreign bank accounts
FinCEN Form 114 is used to report foreign bank and financial accounts. The form generally must be filed electronically. An ...
IamExpat27d
FBAR and FATCA: What US expats need to know
The FBAR and FATCA are crucial forms for Americans overseas, and failure to file them when required could result in penalties ...
JD Supra1mon
Understanding FinCEN’s Southwest Border Geographic Targeting Order for Money Service Businesses
On March 11, 2025, the Financial Crimes Enforcement Network (FinCEN) issued a Southwest Border Geographic Targeting Order (GTO) aimed at Money Service Businesses (MSBs)[1]. This order is designed ...
JD Supra1mon
FinCEN Eliminates CTA Compliance for U.S. Corporate Entities and U.S. Persons – Limiting Compliance to Foreign Reporting Companies
On Friday, March 21, 2025, the United States Financial Crimes Enforcement Network (“FinCEN”) issued for publication in the Federal Register an “interim final rule” (the “Revised Rule ...
San Diego Union-Tribune13d
San Diego judge blocks Trump administration anti-money laundering affecting border businesses
The rule, enacted last week by the U.S. Department of the Treasury’s Financial Crimes Enforcement Network, known as FinCEN, required money services businesses in 30 targeted ZIP codes in ...
Accounting Today1mon
Treasury publishes rule narrowing BOI reporting
The Treasury Department's Financial Crimes Enforcement Network issued the interim final rule, removing the requirement for U.S. businesses to report on their true ownership to FinCEN. The interim ...
Compliance Week1mon
FinCEN drops BOI requirement for U.S. companies, persons
The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued a final interim rule that eliminates beneficial ownership information (BOI) reporting obligations for U.S.-based ...