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ArentFox Schiff

CTA Drastically Pared Back

ArentFox Schiff on

As promised by the US Department of Treasury in early March, the Financial Crimes Enforcement Network (FinCEN) issued an interim final rule removing the requirement for US companies, their beneficial owners, and US persons to...more

Sullivan & Worcester

Breaking: FinCEN Removes BOI Reporting Requirements for U.S. Companies and U.S. Persons

Sullivan & Worcester on

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced, on March 21, 2025, that it issued an interim final rule that removes the requirements for U.S. companies and U.S. persons to...more

Moritt Hock & Hamroff LLP

Important Update On The Corporate Transparency Act: FinCEN Issues Interim Final Rule

On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) issued a new interim final rule that removes the beneficial ownership information (BOI) reporting requirements for U.S. companies and U.S. persons. The rule...more

Cadwalader, Wickersham & Taft LLP

FinCEN Releases New Corporate Transparency Act Rule Exempting U.S. Entities and U.S. Beneficial Owners

On March 21, 2025, the Financial Crimes Enforcement Network (“FinCEN”) released a new interim final rule that exempts U.S. entities and U.S. beneficial owners from the reporting requirements of the Corporate Transparency Act...more

Dickinson Wright

FinCEN Narrows CTA Reporting Requirements

Dickinson Wright on

On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) released an Interim Final Rule (the Interim Rule), which served to “narrow” the existing beneficial ownership information (BOI) reporting requirements of...more

Montgomery McCracken

Corporate Transparency Act No Longer Applies to Entities Formed in the U.S.

Montgomery McCracken on

On March 26, 2025, the Financial Crimes Enforcement Network (“FinCEN”), a division of the United States Department of the Treasury, published in the Federal Register an interim final rule that substantially narrows the...more

Ballard Spahr LLP

FinCEN Exempts All Entities Created in the U.S. From the Corporate Transparency Act (CTA)

Ballard Spahr LLP on

On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) issued an Alert stating that all entities created in the U.S.—including those previously known as “domestic reporting companies”—and their beneficial owners...more

Stinson LLP

U.S. Companies and U.S. Persons now exempted from CTA; April 25, 2025 deadline set for Foreign Companies

Stinson LLP on

On March 26, 2025, the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of Treasury published its revised Corporate Transparency Act (CTA) Beneficial Ownership Information (BOI) reporting rule, also known...more

Morris, Manning & Martin, LLP

FinCEN Eliminates BOI Reporting for U.S. Companies and U.S. Persons

The Financial Crimes Enforcement Network (FinCEN) has issued an interim final rule significantly narrowing the scope of the Corporate Transparency Act (CTA) by removing the requirement for U.S. companies and U.S. persons to...more

Baker Donelson

FinCEN Issues Interim Final Rule Eliminating CTA Reporting Requirement for U.S. Entities

Baker Donelson on

On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) issued an interim final rule eliminating the requirement for U.S. entities and U.S. persons to report beneficial ownership information (BOI) under the...more

Dinsmore & Shohl LLP

FinCEN Removes BOI Reporting Requirements for U.S. Companies and U.S. Persons

Dinsmore & Shohl LLP on

On March 21, 2025, FinCEN issued an interim final rule (Interim Rule) that removes the requirement for U.S. companies and U.S. persons to file beneficial ownership information (BOI) reports under the Corporate Transparency...more

McGlinchey Stafford

FinCEN Drops Interim Rule on Reporting for U.S. Companies, But It Ain’t Over ‘Til It’s Over

McGlinchey Stafford on

Right on schedule, on March 21, 2025, FinCEN issued an Interim Final Rule that exempts U.S. companies and persons from the requirement to report, modify, or correct beneficial ownership information (BOI) under the Corporate...more

Chambliss, Bahner & Stophel, P.C.

CTA Reporting Rule Narrowed to Foreign Companies Only

On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) released its anticipated interim final rule for the Corporate Transparency Act (CTA)...more

Ruder Ware

Bye Bye Bye: FinCEN Issues CTA Update

Ruder Ware on

On March 21, 2025, FinCEN announced an end to Corporate Transparency Act (CTA) reporting requirements for U.S. citizens and domestic companies. In line with the U.S. Department of Treasury’s announcement earlier this month,...more

Downs Rachlin Martin PLLC

Corporate Transparency Act – FinCEN Announces Domestic Reporting Companies Exempt From Filing

As promised, in order to reduce the burdens on placed on legitimate businesses, while still working to detect, prevent, and prosecute financial crimes, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN)...more

Orrick, Herrington & Sutcliffe LLP

Updated Beneficial Ownership Reporting Rules: All U.S. Companies Are Exempt; Only Foreign Companies Must Report

On March 21, 2025, the Financial Crimes Enforcement Network of the U.S. Treasury Department (“FinCEN”) narrowed the scope of the beneficial ownership information (“BOI”) filing requirement under the Corporate Transparency Act...more

Pullman & Comley, LLC

FinCEN Eliminates BOI Reporting for U.S. Companies under the Corporate Transparency Act

Pullman & Comley, LLC on

On March 21, 2025 FinCEN published an interim final rule that eliminates “beneficial ownership information” (BOI) reporting requirements for all domestic companies. ...more

Vorys, Sater, Seymour and Pease LLP

Corporate Transparency Act Deadlines Extended

On February 27, 2025, the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a release announcing that it intends to issue an interim final rule by March 21, 2025 that will extend the current deadlines to file or...more

Bass, Berry & Sims PLC

Fifth Circuit Reinstates Requirements of Corporate Transparency Act

Bass, Berry & Sims PLC on

Yesterday afternoon, on December 23, the U.S. Court of Appeals for the Fifth Circuit issued a per curiam opinion (signed by Judges Stewart, Hayes and Higginson) staying the preliminary injunction previously entered in the...more

Perkins Coie

Nationwide Injunction Against Corporate Transparency Act Enforcement: What To Know and What To Expect

Perkins Coie on

The U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction against enforcement of the beneficial ownership information reporting requirements of the Corporate Transparency Act (CTA)...more

Woods Rogers

Corporate Transparency Act Enjoined: How should your company respond now?

Woods Rogers on

The reporting requirement of the Corporate Transparency Act (CTA) was preliminarily enjoined on December 3, 2024, by an Order of the U.S. District Court for the Eastern District of Texas. The Court issued a nationwide...more

A&O Shearman

Corporate Transparency Act (CTA): filing deadline stayed

A&O Shearman on

On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a preliminary injunction enjoining the U.S. Government from enforcing the CTA nationwide, determining that the CTA and the reporting rules...more

Sullivan & Worcester

Client Alert Update: How Nationwide CTA Preliminary Injunction Impacts Reporting Obligations

Sullivan & Worcester on

On December 3, 2024, the United States District Court for the Eastern District of Texas issued a nationwide preliminary injunction enjoining the enforcement of the Corporate Transparency Act (“CTA”). This injunction prevents...more

Bass, Berry & Sims PLC

Corporate Transparency Act Blocked Nationwide by Texas Court

Bass, Berry & Sims PLC on

On December 3, 2024, the U.S. District Court for the Eastern District of Texas entered a nationwide preliminary injunction enjoining the enforcement of the federal Corporate Transparency Act (CTA) (31 U.S.C. § 5336) and the...more

Spilman Thomas & Battle, PLLC

The Corporate Transparency Act: Are You Prepared?

Effective January 1, 2024, your business may be required to submit information to the Financial Crimes Enforcement Network (“FinCEN”) about your owners pursuant to the Corporate Transparency Act (“CTA”)....more

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