How the Trump administration is reshaping BSA, sanctions compliance
A regulatory refocus coincides with a focus on drug trafficking, sanctions.
Tag: Beneficial ownership
Podcast: AI and the future of BSA risk management
Banks have been using natural language processing and machine learning applications for years in managing their anti-money laundering and Bank ...
FinCEN director questioned by lawmakers on regulatory burden, BOI collection
During a congressional hearing, House Republicans said onerous data collection requirements have redirected resources away from FinCEN’s core mission of ...
ABA offers proposals for easing BOI reporting burden on banks
ABA suggested FinCEN make several revisions to its beneficial ownership information rule to ease the burden of its reporting requirements, ...
GAO: FinCEN should clarify inspectors general use of BOI in fraud detection efforts
FinCEN should take steps to improve the ability of inspectors general to determine companies’ beneficial owners, which would be useful ...
FinCEN to exempt U.S. companies from beneficial ownership reporting
FinCEN posted an interim final rule removing the requirement for U.S. companies and persons to report beneficial ownership information to ...
Treasury Department suspends BOI enforcement for U.S. companies
The Treasury Department announced that it will not enforce any penalties or fines against U.S. companies for failing to report ...
FinCEN to establish new BOI reporting deadlines, review requirements
FinCEN said it will not issue fines or penalties against companies that fail to report their BOI by the current ...
FinCEN extends BOI reporting deadlines
FinCEN announced that beneficial ownership reporting requirements are back in effect after a federal court lifted the remaining nationwide injunction ...
Court lifts remaining nationwide injunction on BOI collection
A federal court has lifted its nationwide injunction on beneficial ownership information collection, citing a U.S. Supreme Court ruling in ...
