The U.S. Treasury on Wednesday prohibited certain transactions with Mexico-based financial institutions CIBanco, Intercam ...

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, ...

The U.S. Treasury's Financial Crimes Enforcement Network (FINCEN) has paused the Beneficial Ownership Information (BOI) reporting requirement for the time being.

FinCEN didn’t announce a new reporting deadline but said it would do so by March 21. “For now, we don’t need to worry about the March 21 deadline. This is good news, and we need to stay tuned for more ...

FinCEN Asks Supreme Court to Reinstate Law Requiring Ownership Information. The application was submitted to Justice Samuel Alito, who has requested a response from the plaintiffs by Friday. By .

FinCEN Guidance’s secure, online platform minimizes errors and simplifies the reporting process. Companies created or registered before January 1, 2024, must file BOI reports by January 1, 2025.

FinCEN expects that the obligation to file reports will generally rest with settlement agents, title insurance agents, escrow agents, and attorneys. These reporting requirements are scheduled to ...

The Financial Crimes Enforcement Network (“FinCEN”) recently published updates to its list of Frequently Asked Questions (“FAQs”) to assist entities in complying with the beneficial ...

As Apple’s products became more colorful in the 2010s, the Apple logo stickers would sometimes be color-matched to the device you had just bought, a cute bit of attention to detail that has ...

The requirement applies to an estimated 32.6 million companies, FinCEN officials have said, with about 5 million initial reports filed annually after that. FinCEN issued final rules on access to BOI ...