FinCEN
FinCEN and the Federal Reserve Refused to Lower the Reporting Threshold for Transfers from $3,000 to $250
U.S. regulators have withdrawn the 2020 proposal to lower the threshold for collecting and transmitting information on international transfers from $3,000 to $250. The changes also affected cryptocurrency transactions. The decision took effect on November 9, 2026, but existing AML requirements and the Travel Rule remain in place.