Financial Crimes Enforcement Network (FinCEN)

Treasury bureau responsible for collecting beneficial ownership information and combating money laundering. - Enforcing revised rule against foreign companies only

Congress passed the Corporate Transparency Act in 2021 to crack down on anonymous shell companies used for money laundering and terrorist financing. The law required 33 million U.S. businesses to report their true owners to FinCEN. Then courts in Alabama and Texas declared it likely unconstitutional. The Supreme Court stepped in. Within hours, a second Texas judge issued a new nationwide injunction.

Updated Jan 7

FinCEN is Treasury's financial intelligence unit responsible for enforcing the Bank Secrecy Act. - Reviewing investment adviser AML rule during two-year delay

FinCEN just delayed anti-money laundering rules for investment advisers by two years, pushing compliance from January 2026 to January 2028. It's the fourth time since 2002 that federal regulators have tried—and struggled—to close what transparency advocates call a $125 trillion loophole that sanctioned Russian oligarchs, corrupt foreign officials, and fraudsters exploit to access U.S. markets. The rule would force 15,000 advisory firms to implement the same suspicious activity reporting that banks face.

Updated Jan 2

Treasury’s watchdog that turns bank reporting into a map of criminal supply chains. - Pushing banks to spot cartel-linked oil and money laundering patterns

After Treasury sanctioned the Cartel de Santa Rosa de Lima (CSRL) and its jailed leader José Antonio Yépez Ortiz (“El Marro”) on December 17, 2025, Washington’s campaign against huachicol money moved quickly toward the infrastructure that can make stolen hydrocarbons tradable: shipping, routing, and due diligence.

Updated Dec 20, 2025