FINCEN Calls A Much Needed Time Out For Beneficial Ownership Information Reporting While Congress Mulls Changes
The U.S. Treasury's Financial Crimes Enforcement Network (FINCEN) has paused the Beneficial Ownership Information (BOI) ...
JD Supra7m
Corporate Transparency Act Update: CTA MAY NOT APPLY to Domestic Entities After New Rule
Last week, we reported that the U.S. Department of Treasury (DOT) through the Financial Crimes Enforcement Network (FinCEN) ...
JD Supra1d
UPDATE: FinCEN Pauses Penalties for CTA Reporting Noncompliance and Signals Additional Changes
As discussed in our previous alert, in connection with the recent reinstatement of the Corporate Transparency Act (CTA) and ...
Nonprofit concerns with the Corporate Transparency Act
After sitting on ice for most of the winter, the Corporate Transparency Act (CTA) is ready to spring into action. Companies ...
Repairer Driven News6h
Treasury Department announces suspension of CTA enforcement
The U.S. Treasury Department announced Sunday a suspension of the enforcement of the Corporate Transparency Act (CTA) against ...
Central Penn Business Journal2h
Corporate Transparency Act on hold once again
The Corporate Transparency Act, which has been on again and off again for months is now off again.
Treasury Declares New Ownership Reporting Law Will Only Apply To Foreign Companies
According to the Treasury, the department will be issuing proposed rules to narrow the scope of the rule to foreign reporting ...
Inside the twists and turns of a new business reporting mandate
A trio of lawyers from Venable LLP break down the history of the Corporate Transparency Act and what businesses need to know.
Compliance Week3d
Treasury announces plan to narrow CTA's scope; FinCEN says no fines, penalties for failure to report BOI
The Treasury Department's Financial Crimes Enforcement Network notified businesses that fail to report or update their ...
The National Law Review3d
FinCEN Again Delays CTA Reporting Deadlines and Suspends Enforcement
On February 27, 2025, the U.S. Financial Crimes Enforcement Network (FinCEN) announced that it intends to issue an interim final rule by March 21, 2025, with extended beneficial ownership information ...
JournalofAccountancy4d
FinCEN extends BOI reporting deadline, halts enforcement
The Financial Crimes Enforcement Network said late Thursday that it will extend the current reporting deadline beyond March 21 and will develop new regulations to reduce “regulatory burden.” ...