The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) has issued its final rule to establish the country's first-ever beneficial ownership information-reporting regime, as it was required to do by the Corporate Transparency Act of 2019 (CTA).

Nov. 2nd has been set as the date when the U.S. Supreme Court will begin to hear arguments in a closely-watched case that's expected to result in clarification, at last, as to how the penalties in so-called "non-willful foreign bank account report (FBAR)" cases should be determined.

The deadline by when the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) needs to receive public comments as to how it might best "streamline, modernize, and update" the United States' existing anti-money laundering and countering financing of terrorism (AML/CFT) regime is fast approaching, advocates of a change in these regulations have told the American Expat Financial News Journal. 

The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) is soliciting comments from the public and industry stakeholders with respect to a "limited-duration pilot program" that it says will enable U.S. financial institutions to be able to share suspicious activity reports (SARs) with their foreign branches, subsidiaries and affiliates for the first time.

The Financial Crimes Enforcement Network (FinCEN) has unveiled a "Notice of Proposed Rulemaking" (NPRM) that it said is aimed at informing stakeholders of its plans to proceed with implementing new beneficial ownership information reporting provisions that are contained in the so-called Corporate Transparency Act (CTA), part of a recent Congressional revision to existing U.S. anti-money laundering laws, which empowers FinCEN to create and manage a national register of beneficial ownership information. 

The Financial Crimes Enforcement Network (FinCEN), the U.S. Treasury Department bureau that's best known to many American expats for its role in receiving Foreign Bank Account Reports from them every year, is seeking comments from the public on a package of new regulations it is proposing to introduce to the antiquities trade.

FinCEN, the U.S. Treasury Department bureau that's best known to many American expats for its role in receiving Foreign Bank Account Reports from them each year, is seeking public comment on proposed measures it's considering introducing, as part of an overall U.S. strategy of requiring significantly  greater reporting of beneficial ownership information.

FinCEN, the U.S. Treasury Department bureau that's responsible for overseeing the receipt of Foreign Bank Account Reports, is inviting comments "on the proposed renewal, without change, of existing information collection requirements concerning reports of foreign financial accounts and... Report[s] of Foreign Bank and Financial Accounts (FBAR)".

The U.S. Financial Crimes Enforcement Network has quietly removed from its website its surprise announcement, posted Oct. 14, that the final deadline for  Foreign Bank Account Report (FBAR) filings had been moved to Dec. 31, from Oct. 15.

Instead, it has clarified that the extended Dec. 31 FBAR filing deadline applied only to "victims of recent natural disasters", such as "victims of the California wildfires, the Iowa Derecho, Hurricane Laura, the Oregon wildfires, and Hurricane Sally".

But it has nevertheless now moved the deadline for everyone else back to Oct. 31 – in other words, extended it by two weeks.