Category Archives: Business Law
Keys, Coins, & Closings: Fannie & Freddie Say “Yes” to Crypto
In a landmark shift that could reshape mortgage underwriting, the Federal Housing Finance Agency (FHFA) has taken a major step into the digital age. On June 27, 2025, the FHFA announced that it would begin allowing Fannie Mae and Freddie Mac to consider cryptocurrency holdings as verifiable assets when assessing mortgage applications—provided the digital… Read More »
FinCEN Updates Beneficial Ownership Reporting Rules: U.S. Companies Exempt, New Deadlines Set for Foreign Entities
On March 2, 2025, the U.S. Department of the Treasury announced significant changes to beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act. In response, the Financial Crimes Enforcement Network (FinCEN) has issued an interim final rule, effective immediately, that eliminates the obligation for U.S.-formed companies and U.S. individuals to submit BOI… Read More »
Brink’s Armored Vehicles Hit with $50 Million Penalty for Violations of Anti-Money Laundering Legislation
On February 6, 2025, the Financial Crimes Enforcement Network (FinCEN) and the U.S. Department of Justice (DOJ) announced a groundbreaking settlement and non-prosecution agreement, imposing a civil monetary penalty of $50 million against Brink’s Global Services USA, Inc. The company, which owns and operates armored vehicles used to safely transport paper currency, was found… Read More »
January 2025 – Florida Legislative Update
As the new year unfolds, it’s essential for Florida residents and businesses to stay informed about the latest changes to state laws. From updates to social media restrictions for minors to new protections for vulnerable adults, these laws impact a wide range of everyday activities and professional practices. At Miami Legal, P.A., we understand… Read More »
The Corporate Transparency Act: An Intermission, Not a Curtain Call
Texas Top Cop Shop v. Garland, et al. – A Legal Roadblock for the CTA In Texas Top Cop Shop v. Garland et al., the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction, halting the enforcement of the Corporate Transparency Act (CTA). This law, aimed at bolstering anti-money… Read More »