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." ...

The U.S. Department of the Treasury‘s Financial Crimes Enforcement Network (FinCEN) has renewed its Geographic Targeting Orders (GTOs), extending efforts to combat money laundering through ...

As we noted in our most recent client alert, on February 27, 2025, the Financial Crimes Enforcement Network ("FinCEN") announced that it would halt all enforcement of the Corporate Transparency ...

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 ...

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 ...

Following announcements from the Financial Crimes Enforcement Network (“FinCEN”) on February 27, 2025, and the United States Department of the Treasury (the “Treasury”) on March 2 ...

It's official. FinCEN has issued an interim final rule that removes the requirement for U.S. companies, persons and entities to report beneficial ownership information (BOI) to FinCEN under the ...

Forbes contributors publish independent expert analyses and insights. Matthew F. Erskine is a trusts and estates attorney. For the last two years there has been an ongoing imperative for estate ...

The Financial Crimes Enforcement Network (FinCEN) issued an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to ...