Overdrive1d
Finance-crimes network's reporting requirement for owner-ops, small fleets halted
A federal district court judge enjoined implementation/enforcement of the Corporate Transparency Act, calling it ...
Compliance Week2d
Texas court halts FinCEN beneficial ownership reporting requirements
Business owners can stop preparing their 2025 anti-money laundering reports for the Treasury Department's Financial Crimes ...
ConsumerAffairs1d
Small business reporting rule with harsh penalties for non-compliance now called ‘voluntary’
Many small business owners – including one-person LLCs – were surprised to learn recently that a newly-passed law, the ...
Requirement to submit beneficial ownership report indefinitely suspended
Businesses have until Jan. 1, 2025, to submit a beneficial ownership information report, a new requirement from the ...
Food Safety News2d
Texas judge lifts paperwork burden for now that would impact food sector
Thousands of food-producing farms and ranches are off the hook from a federal bureaucracy with powers to send them to jail.
Cyprus and the US double down on a joint effort to combat financial crimes with more training
Cyprus and the U.S. say they’re doubling down on a joint effort to crack down on illicit finance with additional training of ...
Feds using banks to surveil Americans' financial data without warrants, House Judiciary says
Federal law enforcement has been manipulating the Suspicious Activity Report system to gain access to Americans’ financial information without warrants or probable cause, the House Judiciary Committee ...
Summit County1d
Overlooking this new legislation could cost Colorado business owners $500 per day
Colorado officials are raising awareness about a new law that could cost Colorado businesses a hefty penalty starting in 2025 ...
JD Supra6d
SEC Enforcement Actions Highlight Anti-Money Laundering Reporting Focus for Financial Gatekeepers
Federal law mandates that broker-dealers file SARs with the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) to report transactions that the broker-dealer has reason to ...