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U.S. Senators introduce the ‘Streamline Act’ to modernise the BSA, proposing to raise CTR thresholds from $10K to $30K and adjusting STR thresholds from $2K–$5K to $3K–$10K

by Jyotsna Bucktowar | Oct 21, 2025

The bill, marking the first major change since 1970, also proposes reviewing reporting forms to reduce redundancy and improve automation. Supporters, including major banking groups, argue the reforms will cut unnecessary paperwork, allow banks to focus on meaningful...

US Treasury official outlines regulatory priorities for fighting money laundering

by Jyotsna Bucktowar | Nov 28, 2023

The Secretary for Terrorism and Financial Intelligence Brian Nelson highlighted the 3 areas of focus notably; enhancing corporate transparency,  cracking down on ML through the real estate sector, and combatting the misuse of sectors that lack comprehensive...

Recent Posts

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  • FinCEN launches a Whistleblower Program rewards portal where individuals
  • FINTRAC imposes a $107,250 penalty on Manor Windsor Realty Ltd. for serious AML compliance lapses, exposing vulnerabilities

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