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.
Senators Elizabeth Warren (D-MA), Roger Marshall (R-KS), Joe Manchin (D-WV) and Lindsey Graham (R-SC) reintroduced the Digital Asset Anti-Money Laundering Act. The bill would bring digital assets within the AML/CFT regulatory framework.