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Treasury officials at beneficial ownership event show BOI working in action
US Treasury officials note how BOI stopped significant illicit money flows, and remind us of proposed rules on real estate transfers.
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US district court strikes down ‘unconstitutional’ Corporate Transparency Act
Ruling that the Act is unconstitutional imperils the nationwide database of beneficial ownership that was created under it.
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FinCEN’s Andrea Gacki testifies in Congress, offers insight into agency’s 2024 agenda
The FinCEN director highlighted her agency’s work on beneficial ownership reporting requirements, customer due diligence, and countering terrorism.
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FinCEN seeks to extend deadline for some beneficial ownership reports
FinCEN issues a proposal to extend the deadline for filing initial Beneficial Ownership Information Reports for certain entities.
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How US regulatory changes affect sovereign wealth funds investment
New rules are directly affecting how sovereign wealth funds are structuring their investments and reducing the compliance burden.
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Guidance on BOI from FinCEN leads roundup of AML news
BOI guidance for small businesses, BSA violations at a Puerto Rican bank, and a veteran rep held liable in contentious ruling.
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Lawmakers demand bank access to FinCEN’s beneficial ownership registry
Bipartisan group concerned about creation of ‘unnecessary and costly’ barriers.