Due to the February 17, 2025, decision by the U.S. District Court for the Eastern District of Texas in Smith, et al. v. U.S.
Beneficial Ownership Information (“BOI”) reporting under the Corporate Transparency Act (the “CTA”) is once again mandatory.
Business owners are now required to file beneficial ownership information (BOI) under the Financial Crimes Enforcement ...
Why it makes sense to prepare now to file the FINCEN Beneficial Ownership Inforamtion (BOI) reporting even if the deadline is ...
A court in the Eastern District of Texas has reinstated beneficial ownership information (BOI) reporting requirements under ...
On Feb. 18, a federal judge lifted the stay in Smith v. U.S. Department of the Treasury, effectively reversing the nationwide injunction that prevented the government from enforcing the Federal ...
On Jan. 1, 2024, the Corporate Transparency Act (CTA) took effect. Originally enacted to combat financial crimes such as ...
Canadian lender TD Bank appointed Guidepost Solutions as the compliance monitor for its anti-money laundering program after U.S. regulators hit the lender with $3 billion in penalties last year.
Companies are back on the hook to submit reports on their beneficial owners, but there’s a chance that new small businesses ...
The Financial Crimes Enforcement Network of the U.S. Treasury Department (FinCEN) announced a new deadline for most companies ...
After nearly a year of legal back-and-forth on whether businesses have to report ownership info to the U.S. Treasury, the ...
The U.S. House unanimously passed a bill, now with the Senate, to delay the owner-reporting requirements of the Corporate ...