Federal Trade Commission (FTC) Chairman Andrew Ferguson on March 26, 2026, issued warning letters to four major nonbank financial infrastructure platforms and payment providers, cautioning that denying consumers access to...more
4/2/2026
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Enforcement Actions ,
Enforcement Priorities ,
Executive Orders ,
Federal Trade Commission (FTC) ,
OCC ,
Payment Processors ,
Regulatory Oversight ,
Religious Discrimination ,
Section 5 ,
Suspicious Activity Reports (SARs) ,
Trump Administration ,
Unfair or Deceptive Trade Practices ,
Warning Letters
The Financial Crimes Enforcement Network (FinCEN) entered into a consent order on March 6, 2026, imposing an $80 million civil money penalty against a global broker-dealer (Broker-Dealer) – the largest Bank Secrecy Act (BSA)...more
3/23/2026
/ Bank Secrecy Act ,
Broker-Dealer ,
BSA/AML ,
Civil Monetary Penalty ,
Compliance Management Systems ,
Enforcement Actions ,
Financial Industry Regulatory Authority (FINRA) ,
FinCEN ,
Internal Controls ,
Securities and Exchange Commission (SEC) ,
Suspicious Activity Reports (SARs)
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) recently announced a sweeping enforcement operation targeting money services businesses (MSBs) operating along the Southwest U.S. border....more
2/12/2026
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Cartels ,
Currency Transaction Reports (CTR) ,
Drug Trafficking ,
Enforcement Actions ,
Enforcement Priorities ,
FinCEN ,
Fraud ,
Geographic Targeting Order ,
Illegal Drugs ,
Money Services Business ,
Suspicious Activity Reports (SARs) ,
U.S. Treasury
In National Small Business United v. U.S. Department of the Treasury, a panel of the U.S. Court of Appeals for the Eleventh Circuit reversed the ruling of the U.S. District Court for the Northern District of Alabama, which...more
12/29/2025
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Beneficial Owner ,
Commerce Clause ,
Constitutional Challenges ,
Corporate Governance ,
Corporate Transparency Act ,
Financial Crimes ,
FinCEN ,
Foreign Entities ,
Fourth Amendment ,
Interim Final Rules (IFR) ,
Internal Revenue Code (IRC) ,
Limited Liability Company (LLC) ,
Reporting Requirements
In a lawsuit filed by not-for-profit corporations serving Latino immigrants against the U.S. Secretary of the Treasury and IRS, court filings have revealed that the IRS and U.S. Department of Homeland Security (DHS), acting...more
4/22/2025
/ Audits ,
Criminal Liability ,
Criminal Prosecution ,
Department of Homeland Security (DHS) ,
Employer Liability Issues ,
Enforcement Actions ,
Immigration Enforcement ,
Immigration Procedures ,
IRS ,
ITIN ,
Memorandum of Understanding ,
Payroll Records ,
Payroll Taxes ,
Popular ,
Undocumented Immigrants
Business email compromise (BEC) fraud, driven by technology and increasing sophistication by criminal organizations, has become a major issue for both consumers and financial institutions. According to a September 2024...more
4/3/2025
/ Appeals ,
Corporate Liability ,
Credit Unions ,
Electronic Communications ,
Email ,
Financial Crimes ,
Financial Institutions ,
Financial Services Industry ,
Fraud ,
Liability ,
Phishing Scams ,
Privity of Contract ,
Scams ,
Uniform Commercial Code (UCC)
In the latest development of the ongoing Corporate Transparency Act (CTA) saga, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) on March 21, 2025, issued an interim final rule that...more
3/25/2025
/ Beneficial Owner ,
Corporate Governance ,
Corporate Transparency Act ,
Domestic Corporations ,
Enforcement Priorities ,
Filing Deadlines ,
FinCEN ,
Foreign Corporations ,
Interim Final Rules (IFR) ,
Notice and Comment ,
Reporting Requirements
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) on March 11, 2025, issued a Geographic Targeting Order (the Southwest GTO) as part of a "whole-of-government approach" to leverage all...more
3/14/2025
/ Anti-Money Laundering ,
Bank Secrecy Act ,
BSA/AML ,
Cartels ,
Executive Orders ,
Financial Services Industry ,
FinCEN ,
Geographic Targeting Order ,
Human Trafficking ,
Money Laundering ,
Reporting Requirements ,
Significant Transnational Criminal Organization ,
Trump Administration ,
U.S. Treasury
On Feb. 18, 2025, in a case seeking declaratory and injunctive relief against the SEC, the U.S. Department of Justice (DOJ) filed a Notice of Change in Position indicating that the DOJ will no longer defend in litigation "the...more