Managing currency exchange can be a complex task, especially for businesses engaged in international trade. Currency fluctuations can lead to significant financial challenges, including substantial ...

Senate Banking Committee Republicans, led by committee chair Tim Scott, R-S.C., have introduced a bill that would raise the mandatory reporting thresholds for filing a suspicious activity report, or ...

The Financial Crimes Enforcement Network (FinCEN) published guidance designed to enable depository institutions to more easily determine and document certain business customers’ eligibility for ...

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 ...

Making multiple small cash deposits seems harmless, but it can raise red flags with the government. Here's what to know ...

Americans who live and do business in those ZIP codes—estimated to be more than one million Americans—will be reported if they spend more $200 in cash on items like money orders and traveler’s checks.

A federal grand jury has indicted a Texas man with filing false tax returns and structuring cash deposits to avoid currency transaction reporting requirements. According to the indictment, between ...