FinCEN has estimated that the rule will require approximately 800,000 to 850,000 reports per year. The total costs are estimated at $428.4 million to $690.4 million in the first year, ...

FinCEN order targets money laundering at the U.S.-Mexico border, cutting the CTR threshold to $200 for MSBs. FTO designations and expanded enforcement are reshape co FinCEN Cuts CTR Threshold to ...

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 ...

The attorneys representing FinCEN said the government is likely to succeed in defending the constitutionality of the law and that the district court’s injunction was “vastly overbroad ...

FinCEN Report debuts free AI assistant for 30 million business owners required to file BOI reports by year end under the Corporate Transparency Act.

On October 23, 2023 we asked our attorney, Rafael Yakobi of The Crypto Lawyers to assemble an expert legal team to respond to the U.S. Department of the Treasury and FinCEN’s proposed rules that would ...

Yesterday’s FinCEN rule proposal is incredibly overbroad, comprehensive, and perfectly designed to allow arbitrary information collection at any scope they choose to enforce. It truly is a mind ...

In that first extension, FinCEN treated the rule's provisions as two separate issues. One of these provisions sought to impose currency transaction report (CTR) rules on crypto transactions to ...

WASHINGTON, Oct. 29-- The U.S. Department of the Treasury's Financial Crimes Enforcement Network issued the following fact sheet entitled "Geographic Targeting Order":. The Acting Director of the ...