Tuesday, February 18, 2025, a federal judge in the Eastern District of Texas lifted the preliminary injunction that was the last legal block to FinCEN’s enforcement of the CTA’s reporting requirements....more
On New Year’s Eve, the Justice Department filed an application with the U.S. Supreme Court to request a stay on the nationwide injunction or, at a minimum, that SCOTUS narrow the reach of the injunction to only the plaintiffs...more
On December 23, 2024, a ruling was issued by the Fifth Circuit Court of Appeals staying the District Court’s preliminary injunction, effectively reinstating the ability of the Financial Crimes Enforcement Network (“FinCEN”)...more
The Corporate Transparency Act (“CTA”) went into effect January 1, 2024. The deadline for many entities to make this filing is January 1, 2025, which is fast approaching.
It is important to determine whether your entity is...more