On July 21, the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) announced that it intends to delay implementation of its final rule, Anti-Money Laundering/Countering the Financing of Terrorism...more
7/22/2025
/ AML/CFT ,
Anti-Money Laundering ,
Federal Reserve ,
Final Rules ,
Financial Crimes ,
FinCEN ,
Popular ,
Proposed Rules ,
Regulatory Reform ,
Regulatory Requirements ,
Reporting Requirements ,
Rulemaking Process
On March 21, the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) published an interim final rule (the “March 21 Rule”) that: Narrows (significantly) the beneficial ownership information (“BOI”)...more
3/24/2025
/ Anti-Money Laundering ,
Beneficial Owner ,
Compliance ,
Corporate Counsel ,
Corporate Transparency Act ,
Financial Crimes ,
FinCEN ,
Regulatory Requirements ,
Reporting Requirements ,
Rulemaking Process ,
U.S. Treasury
On December 23, the United States Court of Appeals for the Fifth Circuit issued an order staying the preliminary injunction imposed by the U.S. District Court for the Eastern District of Texas. Last evening, FinCEN issued a...more
On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction against enforcement of the Corporate Transparency Act (“CTA”), including a stay of the CTA’s Beneficial...more