Treasury’s Real Estate Reporting Rule Struck Down in Court (1)

The Treasury Department’s reporting requirements for certain real estate transactions are illegal, a federal judge in Texas ...

Court Strikes Down New Treasury Residential Real Estate Reporting Rule

A federal judge ruled FinCEN overstepped its authority when it required reporting for cash residential real estate ...
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FinCEN Assesses Penalty Against Paxful for “Willfully” Facilitating Suspicious Activity Involving Illicit Actors

The Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has assessed a $3,500,000 civil money penalty against Paxful, Inc. and Paxful USA, Inc. (collectively doing business as, ...

Canaccord Genuity fined record $80 million in US over compliance lapses

Canaccord Genuity accepted a record $80 million (C$109 million) ‌civil fine to resolve U.S. regulatory charges it willfully violated the Bank Secrecy Act, the main U.S. anti-money-laundering law, by ...