Trendpublic
17 Jan 2025

⚖️FinCEN Final Rule

Financial Crimes Enforcement Network; Inflation Adjustment of Civil Monetary Penalties

Summary

FinCEN is publishing this final rule to reflect inflation adjustments to its civil monetary penalties as mandated by the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended. This rule adjusts certain maximum civil monetary penalties within the jurisdiction of FinCEN to the amounts required by that Act.

Agencies

  • Treasury Department
  • Financial Crimes Enforcement Network

Business Impact ?

$$ - Med

The regulatory text indicates adjustments to civil monetary penalties (CMPs) that will directly affect compliance requirements for businesses regulated by FinCEN. As penalties increase due to inflation, businesses must ensure adherence to regulations to avoid higher fines, thereby impacting operational costs and risk management strategies.

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