A 54-year-old man in Philly tried flying with $44,000 before being stopped by Customs. So, how much cash can you take onboard ...

Fincen just proposed the most significant reform to AML compliance in a generation, but its reporting forms are still broken.

CHICAGO, IL - Spouses going through divorce in Illinois are required to disclose every financial holding under oath, ...

A federal judge in Texas has vacated FinCEN’s anti-money laundering rule for real estate, citing agency overreach. While this eliminates current compliance burdens, legal experts warn FinCEN retains ...

Given Fincen's massive responsibilities and its effective enforcement of anti-money-laundering and Bank Secrecy Act violations, the agency should be a high priority for receiving backing from the ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

The defendants maintain that FinCEN’s AML rule is supported by statute and addresses risks in unmonitored transactions. Fidelity National’s objections center on costs and regulatory authority. AI ...

A new report by the Financial Crimes Enforcement Network (FinCEN) shows that ransomware activity peaked in 2023 before falling in 2024, following a series of law enforcement actions targeting the ...

When your financial life involves more than one country, taxes can get complex. This is true for expats, dual citizens, digital nomads and business owners with activity abroad. A cross-border tax ...

What are your FBAR requirements as a U.S. person or taxpayer for an offshore account, group of accounts, property, or investment? The penalties for non-compliance with reporting offshore accounts, ...

Private investment advisers have served as an entry point into U.S. markets for foreign investors using illicit finance associated with fraud, tax evasion and corruption, according to a 2024 Treasury ...

The Tax Court held that FBAR penalties are not a tax imposed by the Code and, therefore, are not subject to the requirements of Secs. 6320 and 6330. Facts: Stephen C. and Judy A. Jenner were assessed ...