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U.S. Customs Has Proposed Broad Regulatory Changes to Low-Value Shipment (De Minimis) Regulations

The proposals would codify features of the existing low-value entry processes (with new enhancements) but would not allow merchandise subject to certain trade or national security ad valorem tariffs to continue to use the...more

FinCEN’s Final Rule on Anti-Money Laundering for Residential Real Estate Transfers

On August 29, 2024, the Financial Crimes Enforcement Network (“FinCEN”) issued a final rule under the Bank Secrecy Act (“BSA”) requiring certain persons involved in real estate closings and settlements to report and maintain...more

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