FinCEN has issued an alert (FIN-20240Alert005) to raise awareness of fraud schemes abusing FinCEN’s name, insignia, and authorities for financial gain. These FinCEN-specific fraud schemes include scams that: exploit beneficial [...]
End of the year, last-minute update! The U.S. Court of Appeals for the Fifth Circuit reinstated the enforceability of the Corporate Transparency Act on Monday, lifting the nationwide injunction issued [...]
As of December 26, 2024, the Fifth Circuit Court of Appeals has once again placed the January deadline on hold. Please disregard the previous CCI update you received this morning. [...]
The Federal Reserve, CFPB, FDIC, FinCEN, NCUA, OCC, and state financial regulators have issued a statement providing financial institutions with examples of risk management and other practices that can effectively [...]
A preliminary injunction has been issued, blocking enforcement of the January 1, 2025, deadline for businesses to report their beneficial owners to FinCEN. The order states that covered companies nationwide [...]
FinCEN has issued an alert to help financial institutions identify fraud schemes associated with the use of deepfake media created with generative artificial intelligence (GenAI) tools. The alert explains typologies [...]
FinCEN has issued an alert to help financial institutions identify funding streams supporting the Iran-backed Lebanese militia and U.S.-designated Foreign Terrorist Organization (FTO) Lebanese Hizballah (Hizballah). The alert supplements the information [...]
FinCEN has issued a notice to financial institution customers about reporting beneficial ownership information (BOI). The notice outlines the two different BOI requirements. Reporting beneficial ownership information directly to FinCEN [...]
On June 28, 2024, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a Notice of Proposed Rulemaking (NPRM) proposing amendments to the anti-money laundering/countering the financing [...]
FinCEN has jointly issued a Notice with OFAC and the FBI to help financial institutions identify and report suspicious activity potentially associated with timeshare fraud in Mexico. According to the [...]