All That For Nothing? FinCEN Exempts U.S. Businesses From CTA Reporting
The Financial Crimes Enforcement Network has issued an interim final rule exempting domestic U.S. companies and U.S. citizens ...
JD Supra12d
Client Alert: FinCEN Narrows CTA Scope - Key Updates
On March 21, 2025, the Financial Crimes Enforcement Network (“FinCEN”), a bureau of the U.S. Department of the Treasury, ...
JD Supra12d
FinCEN Narrows CTA Reporting Requirements
On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) released an Interim Final Rule (the Interim Rule), which served to “narrow” ...
National Law Review7d
FinCEN Adopts Interim Final Rule Limiting CTA Reporting Requirements to Foreign Reporting Companies
US legal entities are no longer subject to the reporting requirements of the Corporate Transparency Act (CTA).
National Law Review14d
FinCEN Issues Interim CTA Rule, U.S. Entities and Individuals Exempted From Reporting
Highlights The Financial Crimes Enforcement Network (FinCEN) issued an interim final rule that changes requirements for reporting beneficial ownership information (BOI) under the Corporate ...
Accounting Today12d
Treasury publishes rule narrowing BOI reporting
The Treasury Department limited the scope of the Corporate Transparency Act's beneficial ownership reporting requirement to ...
Corporate Transparency Act: Current Status and Future Implications for Health Care Clients
FinCEN is accepting comments on the rule and will assess the exemptions, as appropriate, in light of those comments. FinCEN ...
Journal of Accountancy11d
BOI reporting changes don’t affect CTA’s constitutionality, filing says
In a brief filed in the Eleventh Circuit, the federal government said the move to remove the beneficial ownership filing ...
Corporate Transparency Act: Navigating the Latest Developments
Learn how the Corporate Transparency Act (CTA) affects small businesses, new reporting rules, and what owners must do to stay ...
Accounting Today15d
FinCEN rule would end BOI reporting for US companies
The move reflects an announcement earlier this month in which FinCEN said it would no longer enforce the CTA, nor enforce any penalties or fines associated with beneficial ownership reporting under ...