This alert is a part of a series discussing efforts the federal government is taking to modernize the Bank Secrecy Act. Foley ...

FinCEN’s decision to exempt all domestic reporting companies from beneficial ownership information (BOI) reporting has significant implications ...

Financial services firms are required to issue Suspicious Activity Reports (SARs) when they suspect money laundering or other illicit activities. This includes transactions of around $10,000 or ...

American financial institutions face an escalating challenge: criminals are systematically weaponizing US bank accounts to move, disguise and launder illicit funds. Over the past five years, evidence ...

The alert said that while the “vast majority” of remittances from people in the U.S. to foreign residents are legitimate, fraudsters have used low-dollar cross-border funds transfers to facilitate or ...

On May 28, 2026, Consensys submitted a formal comment to the Financial Crimes Enforcement Network (FinCEN) regarding proposed updates to anti-money laundering and countering the financing of terrorism ...

The title insurance industry faced heightened regulatory complexity in 2025, led by sweeping FinCEN anti-money laundering rules to expand nationwide reporting, lower thresholds and new obligations for ...