To better gauge what additional risk-based programming may need to be considered, the place to start is to look at the existing SAR form itself. There are dozens of types of activities that FinCEN ...
If an injunction is lifted, FinCEN will extend BOI filing deadlines for 30 days and reassess the types of companies required to file beneficial ownership information reports, the government said in ...
Update: On January 24, FinCEN published updated reporting guidance in which it announced that reporting companies are not ...
In response to the Supreme Court’s opinion released yesterday granting the government’s motion to stay the nationwide injunction issued in Texas ...
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The attorneys representing FinCEN said the government is likely to succeed in defending the constitutionality of the law and that the district court’s injunction was “vastly overbroad ...
Is it really this hard? It is January 23rd, and FinCEN SAR Stats are stuck on November 30, 2024. What, did Doug in IT quit and take the Cobol code hacks needed to update the SAR Stats? It would ...
As Santech announced in its press release dated November 25, 2024, Santech received a deficiency letter from Nasdaq stating that Santech is not in compliance with the Rules because it has not yet ...
Fincen reports that over 500,000 such SARs were filed last year ... There is also no record of how many were duplicative of a SAR filing. Still, one could argue that even a tiny marginal yield on CTRs ...