On June 6, 2025, the Financial Crimes Enforcement Network (FinCEN) issued an Advisory on Iranian Sanctions Evasion, replacing its 2018 advisory. Additionally, OFAC issued several rounds of designations targeting Iranian [...]
OFAC has recently updated its record retention requirements. Effective March 12, 2025, this final rule extended OFAC’s recordkeeping requirements from 5 years to 10 years, specifically for transactions subject to [...]
On May 1st, FinCEN issued an alert on Oil Smuggling Schemes on the U.S. Southwest Border Associated with Mexico-Based Cartels, warning financial institutions about the use of the U.S. financial [...]
On March 31st, FinCEN issued an alert on Bulk Cash Smuggling and Repatriation by Mexico-Based Transnational Criminal Organizations in support of Executive Order 14157. The alert was intended to educate [...]
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has recently updated its record retention requirements, impacting financial institutions, businesses, and individuals subject to its regulations. Effective [...]
FinCEN issued an Advisory on the Financing of ISIS on April 1st. The advisory provided Financial Institutions with a listing of Red Flags, intended to help identify, prevent, and report [...]
On March 21st, 2025, FinCEN issued an interim final rule that narrowed the existing beneficial ownership reporting requirement under the Corporate Transparency Act from foreign and domestic reporting companies to [...]
The Treasury Department has announced, concerning the Corporate Transparency Act, not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the [...]
The U.S. District Court for the Eastern District of Texas has lifted a preliminary injunction removing the last legal roadblock to the enforcement of the Corporate Transparency Act (CTA). The [...]
On February 1st, 2024, and July 11th, 2024, FinCEN issued two alerts on Israeli Extremist Settler Violence Against Palestinians in the West Bank. FinCEN has rescinded both alerts. The President [...]