Once a helpful tool for law enforcement, CTRs have become next to useless in the fight against money laundering, write Greg Baer and Gregg Rozansky, of the Bank Policy Institute. "Debanking" has ...

Managing currency exchange can be a complex task, especially for businesses engaged in international trade. Currency fluctuations can lead to significant financial challenges, including substantial ...

The Financial Crimes Enforcement Network (FinCEN) published guidance designed to enable depository institutions to more easily determine and document certain business customers’ eligibility for ...

WASHINGTON (AP) — As the nature of financial crime changes, with technology and AI increasingly used to perpetrate illegal acts, the IRS' crime fighting arm —IRS Criminal Investigation— is announcing ...

Forbes contributors publish independent expert analyses and insights. Steve Weisman writes about white-collar crime. The Department of the Treasury’s Financial Crimes Enforcement Network recently ...

Senate Banking Committee Republicans, led by committee chair Tim Scott, R-S.C., have introduced a bill that would raise the mandatory reporting thresholds for filing a suspicious activity report, or ...

Withdrawing $10,000 or more in cash from a bank account is not just a simple transaction; it triggers mandatory reporting to the federal government. This requirement is part of U.S. financial ...