American financial institutions face an escalating challenge: criminals are systematically weaponizing US bank accounts to move, disguise and launder illicit funds. Over the past five years, evidence ...

Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements form the foundation of the United States’ framework for preventing money laundering, terrorist financing and other forms of ...

On October 9, 2025, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”), jointly with the Board of Governors of the Federal Reserve System, the Federal Deposit ...

The Treasury Department's Financial Crimes Enforcement Network has limited federal agencies' access to the beneficial ownership information reported by companies under the Corporate Transparency Act ...

With this proposed change, Treasury wants to ensure that regulators focus on key parts of banks’ anti-money laundering efforts, rather than on technical compliance, the Wall Street Journal reported ...

For most domestic businesses, there is nothing to file or update right now while the Financial Crimes Enforcement Network (FinCEN) finalizes its rulemaking and courts resolve remaining cases. The ...

On May 28, 2026, Consensys submitted a formal comment to the Financial Crimes Enforcement Network (FinCEN) regarding proposed updates to anti-money laundering and countering the financing of terrorism ...

FinCEN's Aug. 11 final rule permanently exempts U.S.-formed entities from Corporate Transparency Act beneficial ownership reporting requirements, narrowing the law to apply only to foreign entities ...

The alert said that while the “vast majority” of remittances from people in the U.S. to foreign residents are legitimate, fraudsters have used low-dollar cross-border funds transfers to facilitate or ...

A U.S. Customs and Border Protection agent at the U.S.-Mexico border near Ciudad Juarez, Mexico. Money used for human smuggling moves through U.S. banks disguised as everyday activity, just as it does ...

The title insurance industry faced heightened regulatory complexity in 2025, led by sweeping FinCEN anti-money laundering rules to expand nationwide reporting, lower thresholds and new obligations for ...