The Trump administration just hobbled a federal crackdown on corporate secrecy, making it easier to launder money through ...

Furthermore, Congress should direct FinCEN to immediately destroy all of the data that was already submitted by small businesses out of fear they would face fines and prison time." ...

FinCEN estimates that this revised reporting ... in addition to up to $10,000 in criminal fines and up to two years in prison. The Treasury "reassessed the balance between the usefulness of ...

On March 28, 2025, the Internal Revenue Service (“IRS”)’s criminal investigative arm, IRS Criminal Investigation (“IRS-CI”), announced that it ...

You could face severe penalties, including prison time and hefty fines ... These reports go to the Financial Crimes Enforcement Network (FinCEN). In most cases, a CTR must be filed for each ...

FinCEN estimates that only 20,000 entities are now required ... Nov. 20, 2024, she was sentenced to 16 years in Federal prison, five years of supervised release and a $400 special assessment for her ...

At a hearing this week, witnesses described behavior by Jonathan Braun that could result in his being locked up again. By Santul Nerkar In the early hours of Feb. 15, Jonathan Braun, a violent ...

As previewed by FinCEN and Treasury earlier this month, FinCEN announced major changes to the application of the Corporate Transparency Act. On Friday evening, FinCEN issued an interim final rule ...