In the ongoing saga of the Corporate Transparency Act (CTA) and its Beneficial Ownership Interest (BOI) reporting requirements, FinCEN has yet again paused enforcement. On February 27, FinCEN announced that it will not impose...more
The Corporate Transparency Act (CTA) and its beneficial ownership information (BOI) reporting requirements are back in effect. On Monday, February 18, 2025, a federal district court in Texas granted a stay of the nationwide...more
2/20/2025
/ Beneficial Owner ,
Corporate Transparency Act ,
Enforcement Actions ,
Filing Deadlines ,
FinCEN ,
Garland v Texas Top Cop Shop ,
Injunctions ,
Regulatory Requirements ,
Reporting Requirements ,
Stays ,
U.S. Treasury
On December 23, 2024, the U.S. Court of Appeals for the Fifth Circuit granted a stay of the previously issued nationwide injunction in Texas Top Cop Shop, Inc., et al. v. Garland, et al., which had the effect of reinstating...more
12/27/2024
/ Anti-Corruption ,
Anti-Money Laundering ,
Beneficial Owner ,
Constitutional Challenges ,
Corporate Transparency Act ,
Corruption ,
Filing Deadlines ,
Financial Crimes ,
FinCEN ,
National Security ,
Preliminary Injunctions ,
Regulatory Requirements ,
Reporting Requirements ,
Stays ,
Time Extensions
The Corporate Transparency Act (CTA), the federal initiative to limit money laundering, tax evasion, and other illicit activities, took effect on Jan. 1, 2024. The CTA requires many businesses and their owners to register...more
11/13/2024
/ Anti-Corruption ,
Anti-Money Laundering ,
Beneficial Owner ,
Cooperative Compliance Regime ,
Corporate Transparency Act ,
Filing Deadlines ,
Financial Crimes ,
FinCEN ,
National Security ,
Ownership Interest ,
Popular ,
Regulatory Requirements ,
Reporting Requirements