The FinCEN director highlighted her agency’s work on beneficial ownership reporting requirements, customer due diligence, and countering terrorism.
FinCEN issues a proposal to extend the deadline for filing initial Beneficial Ownership Information Reports for certain entities.
New rules are directly affecting how sovereign wealth funds are structuring their investments and reducing the compliance burden.
BOI guidance for small businesses, BSA violations at a Puerto Rican bank, and a veteran rep held liable in contentious ruling.
Bipartisan group concerned about creation of ‘unnecessary and costly’ barriers.