FinCEN Director Andrea Gacki reviewed the agency's efforts to implement beneficial ownership information reporting requirements under the Corporate Transparency Act.
News & Insights
FinCEN provided relief for Report of Foreign Bank and Financial Accounts filers that are impacted by the California wildfires, the Iowa derecho, Hurricane Laura, the Oregon wildfires and Hurricane Sally.
FinCEN extended the deadline for certain individuals to file Foreign Bank and Financial Accounts Reports ("FBAR"). This affects individuals with signature authority over, but no financial interest in, a foreign financial account. The filing due date has been extended to April 15, 2020. The original expiration date was April 15, 2018.
FinCEN extended the Foreign Bank and Financial Accounts reporting deadline for filers affected by certain severe weather events. The relief was extended from October 15, 2021, to December 31, 2021.
The Financial Crimes Enforcement Network's invitation to nominate organizations for membership on the Bank Secrecy Act Advisory Group was published in the Federal Register.