Expanding Oversight: Private Investment and the Bank Secrecy Act
Photo by Andy Feliciotti on Unsplash Introduction The United States is the single largest recipient of foreign investment worldwide due to its diverse industries and business-friendly climate. These same qualities pose challenges for regulators, specifically in tracking sources of private capital. While most foreign investments are legitimate, current gaps in transparency present opportunities for exploitation. In August 2024, the Financial Crimes Enforcement Network (FinCEN) imposed new...