A New York-chartered "state nonmember insured bank" settled FinCEN charges for willful violations of the Bank Secrecy Act.

FinCEN provided guidance for small businesses on filing Beneficial Ownership Information reports. The guidance follows the adoption of reporting requirements under the Corporate Transparency Act.

Nine additional Senators joined a bipartisan coalition in support of the proposed "Digital Asset Anti-Money Laundering Act."

A Puerto Rico-based International Banking Entity settled charges with FinCEN for failing to (i) file suspicious activity reports, (ii) conduct adequate due diligence for foreign correspondent accounts and (iii) implement an anti-money laundering compliance program.

FinCEN reported on trends in Bank Secrecy Act data related to suspected evasion of Russia-related export controls.