FinCEN invites comments on the renewal, without change, of BSA information collection requirements, obliging FIs to report accounts or transactions involving specified parties by 1 Dec 2025

FinCEN has proposed to renew, without change, its information collection requirements for sharing information between government agencies and financial institutions. This renewal aims to continue facilitating compliance with the Bank Secrecy Act and other financial crime prevention laws. The public comment period for this proposal ends on December 1, 2025…