The U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) issued an interim final rule with respect to the Corporation Transparency Act (the “CTA”), exempting entities formed in the United States from the...more
The U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) announced that it will not issue any fines or penalties or otherwise take any enforcement actions based on any failure to file or update...more
Enforcement of the Corporate Transparency Act (the “CTA”) is once again in effect after a recent court decision. The new deadline for compliance is March 21, 2025 for most reporting companies, subject to any further guidance....more
Enforcement of the Corporate Transparency Act (the “CTA”) remains on hold while litigation proceeds, and reporting companies are therefore not required to file reports at this time. However, reporting companies may continue...more
As of December 26, 2024, the U.S. Court of Appeals for the Fifth Circuit vacated its prior order staying the nationwide injunction against the Corporate Transparency Act (CTA). This means that enforcement of the CTA is once...more
This alert provides a summary of new reporting requirements created by the Corporate Transparency Act (the “CTA”) and associated implementing rules. The CTA is a federal law that requires broad categories of legal entities...more