On March 2, 2025, the U.S. Department of Treasury announced that it will not enforce any penalties or fines associated with beneficial ownership information reports (BOI Reports) under the Corporate Transparency Act (CTA)....more
The U.S. District Court for the Eastern District of Texas has stayed the last remaining nationwide injunction against enforcement of the Corporate Transparency Act (CTA) in Smith v. U.S. Department of the Treasury....more
2/20/2025
/ Compliance ,
Corporate Transparency Act ,
Enforcement Actions ,
Filing Deadlines ,
Filing Requirements ,
Financial Crimes ,
FinCEN ,
New Guidance ,
New Legislation ,
Regulatory Agenda ,
Regulatory Requirements ,
Reporting Requirements ,
U.S. Treasury
While the United States Supreme Court recently lifted one nationwide injunction against enforcement of the Corporate Transparency Act (CTA) in the case of Texas Top Cop Shop, Incorporated et al. v. McHenry (formerly Garland),...more
2/11/2025
/ Appeals ,
Beneficial Owner ,
Compliance ,
Corporate Transparency Act ,
Department of Justice (DOJ) ,
Enforcement Actions ,
FinCEN ,
Popular ,
Regulatory Requirements ,
Reporting Requirements ,
SCOTUS ,
U.S. Treasury
On January 23, 2025, the U.S. Supreme Court granted the U.S. Department of Justice’s request to stay the nationwide injunction that had previously banned enforcement of the Corporate Transparency Act (CTA) and its key...more
1/27/2025
/ Beneficial Owner ,
Corporate Transparency Act ,
Department of Justice (DOJ) ,
Enforcement ,
Enforcement Actions ,
FinCEN ,
Injunctions ,
SCOTUS ,
Stays ,
Texas ,
U.S. Treasury
On March 1, 2024, a federal district court in Alabama entered a final declaratory judgment, finding the Corporate Transparency Act (CTA) unconstitutional and enjoining the Department of the Treasury and Financial Crimes...more