Financial Crimes Enforcement Network (FinCEN)

Banks typically keep day-to-day transactions under wraps, but large or repeated deposits can spark mandatory reporting to the Internal Revenue Service (IRS). If you've just deposited a sizable check or cash sum, here's what you should keep in mind before you assume your finances stay hidden. The...

The U.S. Treasury Department has projected that the banking industry may have to allocate hundreds of millions of dollars in the initial year to establish protocols for accessing the new corporate ownership database. What Happened: As the Wall Street Journal reported, the Financial Crimes...