Worldwide: Money Laundering

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. 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

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.