BSA

FinCEN previously issued an alert in February of this year related to the financing of Israeli extremist settler violence against Palestinians in the West Bank. FinCEN has now issued a [...]

FinCEN has issued an advisory to alert U.S. financial institutions to new trends in the illicit fentanyl supply chain and urge vigilance in identifying and reporting suspicious activity associated with [...]

OFAC has released an interim final rule to amend the Reporting, Procedures and Penalties Regulations to require electronic filing of certain submissions to OFAC and to describe and modify certain [...]

FinCEN has updated its Beneficial Ownership Information (BOI) Frequently Asked Questions to include new questions and updated information about reporting companies, beneficial ownership through trusts, and access to beneficial ownership [...]

FinCEN, along with the U.S. Department of State’s Diplomatic Security Service (DSS), has issued a notice to financial institutions urging them to be vigilant in identifying and reporting suspicious activity [...]

On December 12th, the Financial Crimes Enforcement Network (FinCEN) issued 18 new FAQs, providing additional guidance and information related to the beneficial ownership information reporting requirement that went into effect [...]

Congratulations! You and your BSA staff have made it through 2023! Now it is time to start tackling your “To Do List” for 2024. One of the items on this [...]

FinCEN has issued the final rule on access to beneficial ownership information (BOI). The BOI Access Rule outlines the conditions under which BOI reported to FinCEN may be disclosed to [...]

FinCEN has extended the timeframe for companies created or registered in 2024 to report their BOI. Under the final rule, companies created or registered in 2024 now have 90 days [...]