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The Latest Breaking News from FinCEN

Treasury Ends Beneficial Ownership Reporting for U.S. Companies, Senator Warren Warns of Risks to National Security

Treasury Secretary Scott Bessent called the move "a victory for common sense and American small businesses" while Warren labeled it "a gift to cartels, criminals, and U.S. adversaries"

Latin Times

Trump Administration Wipes Beneficial Ownership Database in Permanent Removal of Anti-Corruption Safeguards

The US Treasury has permanently ended the rule requiring companies to disclose their beneficial owners, sparking debate between deregulation supporters and anti-corruption advocates.

International Business Times UK

U.S. Treasury Issues Geographic Targeting Order Requiring Recordkeeping and Reporting by Certain Financial Institutions in Minnesota

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a Geographic Targeting Order (GTO) imposing new recordkeeping and reporting requirements on certain financial institutions operating in Minnesota, according to an official announcement published in the Federal Register on August 11, 2026.

Everybody Loves Your Money

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US Drops Key Business Ownership Reporting Rule for Americans as Scott Bessent Hails 'Victory' for Small Businesses—'Gift to ‌Cartels,' Warns Elizabeth Warren

The Treasury Department has finalized a rule that exempts U.S. firms and individuals from reporting beneficial ownership information to its Financial Crimes Enforcement Network (FinCEN).

Benzinga

The US tried to stop cartel money-laundering. It devastated mom-and-pop businesses instead

Small businesses pay hidden toll after money-transfer rule change to curb illicit activities near the US-Mexico border

The Guardian - US

All-Cash Purchase Rule: Why Federal Agencies Are Flagging Large Real Estate Deals

Luxury homes once carried an aura of glamour, exclusivity, and effortless wealth, but federal investigators now view many all-cash real estate deals with deep suspicion. Across major American cities, government agencies continue to track high-dollar property purchases because criminals often use real estate to hide dirty money. A beachfront mansion…

Everybody Loves Your Money

The Federal Government Tried To Spy on Your Financial Transactions. A Texas Court Just Said No.

The ruling is a victory not just for one Texas title company, but for the principle that agencies like FinCEN can only do what Congress actually authorized.

Reason

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Senator presses DOJ and Treasury over status of Binance monitors after $1.7 billion in Iran-linked crypto flows

As part of its 2023 plea deal, the world’s largest crypto exchange agreed to have two separate firms oversee its operations for three years.

Fortune

Keonne Rodriguez on Bitcoin, Privacy, and Going to Prison

"We thought we were on the right side of the law," the Samourai Wallet co-founder tells Reason.

Reason

The Trump Admin Wants Western Union and MoneyGram To Report on Immigrants

An obscure bureau of the U.S. Treasury is using USA PATRIOT Act powers to sniff out under-the-table employment.

Reason

Huione Pay Shutdown Strands Users Worldwide as US Victims Fear Losses

Cambodia's Huione Pay suspended operations after a bank run, leaving users stranded. US sanctions and money laundering allegations have devastated the platform linked to $4 billion in illicit proceeds.

International Business Times UK

Do Not Try This Social Media Money Hack — It’s Fraud

A viral trend that offered a hack for "free money" has turned out to be nothing more than check fraud.

GOBankingRates

Treasury Department Surveillance at the Southern Border Faces Fourth Amendment Challenges

A new FinCEN rule forced small money services businesses to collect personal data on nearly every customer transaction. Lawsuits claim this violates the Fourth Amendment.

Reason

The Treasury Department wants US banks to monitor for suspected Chinese money laundering networks

The Treasury Department wants U.S. financial institutions to monitor for suspected Chinese money laundering networks handling funds that are used to fuel the flood of fentanyl across American communities

The Independent UK

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Benzinga

Google Play's New Licensing Rules Threaten Non-Custodial Crypto Wallets In US, EU

Alphabet Inc.‘s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google has introduced new licensing requirements for cryptocurrency wallet applications on its Play Store, a move critics argue could block many non-custodial wallets from reaching users in key markets.

Clever Dude

8 Property Title Transfers That Trigger Federal Scrutiny

Property title transfers often feel like straightforward real estate procedures—but some can suddenly catch the eye of federal regulators. Whether due to tax, anti-money laundering laws, or mortgage clauses, certain transfers trigger more attention than others. Understanding the triggers helps you stay compliant and avoid costly surprises. Let’s explore 8…

The Guardian - US

Mexican president demands proof after US accuses banks of laundering drug money

Claudia Sheinbaum frustrated as US says trio – placed under sanctions – are ‘vital cogs in the fentanyl supply chain’

Fortune

North Korean IT worker scheme infiltrated an American election campaign website

Software developers from the Democratic People’s Republic of Korea continue to conceal their identities to get jobs with American firms in violation of international sanctions.

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Inverse

How Ben Affleck's Wild New Thriller Pulled Off Its Most Brutal Fight Scene

The cast of 'The Accountant 2' break down the film's most underrated fight scene, and tease a potential rematch in a future sequel.

Reason

Judge Halts Federal Scrutiny of $200 Transactions

The temporary restraining order allows time to challenge burdensome reporting requirement.

Reason

Short Circuit: An inexhaustive weekly compendium of rulings from the federal courts of appeal

A judge-on-judge benchslap, a pharmaceutical kickback, and a direct descendant of the Kings of France.

Reason

Taking $200 Out of an ATM Should Not Trigger Federal Financial Surveillance

No, not even if you do it in a county that borders Mexico.

Inverse

'The Accountant 2' Review: Ben Affleck’s Weirdest Thriller Got A Weird, Great Sequel

Ben Affleck returns as the accountant with autism superpowers in 'The Accountant 2,' which embraces its absurd premise in a ridiculously entertaining way.

Kiplinger

BOI Report for Small Businesses: Deadline, But Without Penalties

The BOI report, once again, has a new deadline, but there won't be fines or penalties for missing it.

The Independent UK

Business owners should not forget anti-money laundering rule currently in legal limbo

Small business owners should not forget about a rule that requires them to register with an agency called the Financial Crimes Enforcement Network, or FinCEN, by Jan. 1

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