EXPLAINED: Fincen | Rare Historical Photos

Do banks report deposits over $10,000 to the IRS? What really happens when you cross the cash reporting threshold

A cash deposit exceeding $10,000 in a single day triggers an automatic report to the federal government. Financial institutions do not make this decision based on suspicion or branch policy. The Bank Secrecy Act mandates it. When an individual or business deposits large sums of physical currency, the bank must…

The Economic Times · Sep 28

Banks Flagged $17.5 Billion in Activity Tied to Possible Health Care Fraud, with Home Health Named Most Often

Financial institutions flagged about $17.5 billion in activity possibly tied to health care fraud, most often naming home health firms. What families can check.

Medical Daily · Sep 11

The Feds Are Spying on Your Bank Account

While the Treasury forces money changers to report on suspected immigrants, Homeland Security is having police pull people over for suspicious transactions.

Reason · Sep 9

FinCEN Corporate Transparency Act Rule Change: Treasury Orders Erasure of Domestic Ownership Records

The US Treasury's rollback on corporate ownership reporting exempts domestic companies from disclosing beneficial ownership, raising concerns about transparency and the ability to track financial crimes.

International Business Times UK · Aug 15

Treasury Ends Beneficial Ownership Reporting for U.S. Companies, Senator Warren Warns of Risks to National Security

Treasury Secretary Scott Bessent called the move "a victory for common sense and American small businesses" while Warren labeled it "a gift to cartels, criminals, and U.S. adversaries"

Latin Times · Aug 13

Trump Administration Wipes Beneficial Ownership Database in Permanent Removal of Anti-Corruption Safeguards

The US Treasury has permanently ended the rule requiring companies to disclose their beneficial owners, sparking debate between deregulation supporters and anti-corruption advocates.

International Business Times UK · Aug 13

U.S. Treasury Issues Geographic Targeting Order Requiring Recordkeeping and Reporting by Certain Financial Institutions in Minnesota

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a Geographic Targeting Order (GTO) imposing new recordkeeping and reporting requirements on certain financial institutions operating in Minnesota, according to an official announcement published in the Federal Register on August 11, 2026.

Everybody Loves Your Money · Aug 12

US Drops Key Business Ownership Reporting Rule for Americans as Scott Bessent Hails 'Victory' for Small Businesses—'Gift to ‌Cartels,' Warns Elizabeth Warren

The Treasury Department has finalized a rule that exempts U.S. firms and individuals from reporting beneficial ownership information to its Financial Crimes Enforcement Network (FinCEN).

Benzinga · Aug 12

The US tried to stop cartel money-laundering. It devastated mom-and-pop businesses instead

Small businesses pay hidden toll after money-transfer rule change to curb illicit activities near the US-Mexico border

The Guardian - US · Aug 11

All-Cash Purchase Rule: Why Federal Agencies Are Flagging Large Real Estate Deals

Luxury homes once carried an aura of glamour, exclusivity, and effortless wealth, but federal investigators now view many all-cash real estate deals with deep suspicion. Across major American cities, government agencies continue to track high-dollar property purchases because criminals often use real estate to hide dirty money. A beachfront mansion…

Everybody Loves Your Money · May 15