by Liz DeMarco | Aug 21, 2026 | Risky Business Recap
Snapshot: On August 13, 2026, FinCEN issued a Financial Trend Analysis showing that financial institutions flagged nearly $5 billion in transactions linked to suspected human smuggling activity between 2023 and 2025. The report identified common patterns, including...
by Liz DeMarco | Aug 11, 2026 | Risky Business Recap
Snapshot: On August 11, 2026, the U.S. Department of the Treasury announced that 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...
by Liz DeMarco | Aug 7, 2026 | Risky Business Recap
Snapshot: On August 3, 2026, FinCEN assessed a $125 million civil money penalty against UBS Financial Services Inc. for willful violations of the Bank Secrecy Act (BSA). FinCEN stated that the firm failed to adequately address previously identified AML deficiencies,...
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