United States: Money Laundering

President Trump escalates threats of renewed economic pressure against Iran as part of a broader effort to shift the facts on the ground in the Middle East amid stalled negotiations and a deadlocked conflict. The administration signals unprecedented sanctions measures while Iran maintains its strategy of imposing global economic costs via the closure of the Strait of Hormuz.

The August 2026 final rule permanently exempts U.S. persons and domestic companies from Corporate Transparency Act beneficial ownership information reporting requirements, while maintaining obligations for foreign entities registered in the United States. This significant regulatory shift eliminates data exposure risks for U.S. persons and fundamentally reshapes compliance obligations for cross-border transactions and foreign portfolio companies.

The Financial Crimes Enforcement Network has issued a final rule fundamentally altering the Corporate Transparency Act's beneficial ownership reporting landscape. U.S. persons and domestic entities are now exempt from reporting requirements, while foreign entities registering to do business in the United States must continue reporting beneficial ownership information for foreign individuals. FinCEN plans to delete previously submitted beneficial ownership information from U.S. persons without requiring indi

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a final rule permanently removing the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) under the Corporate Transparency Act (CTA). The final rule, announced on August 11, 2026, is effective upon publication in the Federal Register.

FinCEN has issued a final rule permanently narrowing beneficial ownership information reporting requirements under the Corporate Transparency Act, exempting all domestic reporting companies and U.S. persons while retaining obligations only for foreign reporting companies with non-U.S. beneficial owners. The rule takes effect immediately and includes deletion of previously reported BOI data for domestic entities and U.S. persons, though critics warn this rollback may undermine law enforcement efforts to comb

The U.S. Treasury's Office of Foreign Assets Control has launched its most extensive sanctions campaign against Mexico's Cartel de Jalisco Nueva Generación, targeting over 50 individuals and entities including the cartel's new leadership and legitimate business fronts. This enforcement action expands legal exposure for companies operating in Mexico's agricultural and commercial sectors, particularly those with supply chains in high-risk states. Understanding the implications of Foreign Terrorist Organi

California's digital asset regulatory landscape continues to evolve with significant legislative developments affecting exchanges, custodians, and financial institutions. Recent bills address stablecoin regulation, money laundering enforcement, unclaimed digital assets, and the controversial question of whether banks should offer staking services. The failure of AB 2285 highlights ongoing tensions between maintaining competitive markets and preserving investor protections in this rapidly developing sector.

The Federal Reserve Board has proposed new Anti-Money Laundering and Counter Financing of Terrorism program requirements for banks under its supervision, marking a significant departure...

Secretary of the Treasury Scott Bessent outlined the Trump administration's approach to economic statecraft in a recent speech, emphasizing the strategic use of American economic power to advance national security objectives. His remarks signal continued focus on sanctions enforcement, financial system integrity, and combating illicit finance networks while promoting reciprocity in international economic relationships.