BSA Reporting Requirements Rules 
PYMNTS
DECEMBER 3, 2019
Department of Agriculture’s (USDA) interim final rule on hemp production. It also clarifies the BSA guidelines when offering financial services to hemp-related businesses. After further evaluation of the USDA interim final rule, the Financial Crimes Enforcement Network (FinCEN) will issue additional guidance.
Fintech News
JULY 17, 2024
Transfers Just Under Reporting Thresholds The report highlights noticeable surges in transfers just below the US$1,000, US$3,000, and US$10,000 thresholds. These thresholds align with various regulatory reporting requirements, suggesting that some actors may be structuring payments to avoid triggering additional scrutiny.
FICO
DECEMBER 15, 2020
Supreme Court set to rule in Facebook v. New Debt Collection Rules Are Here to Stay. The final rule addresses debt collection communications and interprets and applies prohibitions on harassment or abuse, false or misleading representations, and unfair practices. to report their beneficial owners to FinCEN.
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