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 ...
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What really happens when you pull $10k from the bank
Withdrawing $10,000 or more in cash from a U.S. bank account triggers a mandatory Currency Transaction Report (CTR) to the Financial Crimes Enforcement Network (FinCEN). This requirement, established ...
A new law allows for people who have been the victim of a scam involving the use of virtual currency kiosks — often referred to as Bitcoin ATMs — to receive a full refund of their money, and one law ...
The Trump administration has introduced a new measure that will require all "money service businesses" located in 30 ZIP codes along the Texan and Californian borders with Mexico to file a currency ...
On October 9, 2025, the Financial Crimes Enforcement Network (“FinCEN”) jointly issued updated Frequently Asked Questions (“FAQs”) with the Federal Reserve Board of Governors, the Federal Deposit ...
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