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FinCEN › Deadlines

The Financial Crimes Enforcement Network (FinCEN) is a bureau of the U.S. Department of the Treasury charged with detecting and combatting illegal activity within the financial system. FinCEN detects evidence of... more +
The Financial Crimes Enforcement Network (FinCEN) is a bureau of the U.S. Department of the Treasury charged with detecting and combatting illegal activity within the financial system. FinCEN detects evidence of money laundering, terrorist financing and other financial crimes by collecting, monitoring, and analyzing financial transaction data. Such data is disseminated to both domestic and international law enforcement agencies. less -
Stark & Stark

Corporate Transparency Act (CTA): Action Required for Community Associations

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As the end of the year approaches, there has been no determination that community associations will be relieved of the requirement to comply with the Corporate Transparency Act (CTA). While we remain hopeful of a legislative...more

Greenberg Glusker LLP

Corporate Transparency Act: Reporting Deadline Approaching

Greenberg Glusker LLP on

The Corporate Transparency Act (CTA) imposes far-reaching new reporting obligations on many U.S. businesses, and the penalties for non-compliance are substantial. With only a few months left before the January 1, 2025,...more

Pullman & Comley, LLC

The Corporate Transparency Act and its Application to Estates and Trusts: Answers to Frequently Asked Questions

Pullman & Comley, LLC on

The recently implemented Corporate Transparency Act (the “CTA”) requires that certain entities report information about themselves and their “beneficial ownership” to the Financial Crimes Enforcement Network of the United...more

Ruder Ware

Timing is Key: Navigating Due Dates of the Corporate Transparency Act for Seamless Compliance

Ruder Ware on

A crucial aspect of compliance with the Corporate Transparency Act (“CTA”) is understanding the various due dates and obligations. A “reporting company” must meet CTA reporting deadlines to avoid potential regulatory...more

Steptoe & Johnson PLLC

Homeowner Associations, Condominiums, and the Corporate Transparency Act

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Since the enactment of the Corporate Transparency Act (CTA), property ownership associations such as homeowner associations and condominiums (collectively, POAs) have struggled to understand their beneficial ownership...more

Smith Anderson

The Corporate Transparency Act - Case Law Update and Determining Beneficial Owners

Smith Anderson on

As discussed in our prior two alerts (found here), effective as of Jan. 1, 2024, the Corporate Transparency Act and rules issued thereunder by the Financial Crimes Enforcement Network (“FinCEN”) (collectively, the “CTA”)...more

Woods Rogers

Virginia Community Associations and the Corporate Transparency Act: New Federal Reporting Requirements Effective January 1, 2024 -...

Woods Rogers on

Updated 4.9.24 - We will continue to monitor developments.  Stay tuned for updates. Original Article: Effective January 1, 2024, most Virginia community associations will be required to comply with the federal Corporate...more

Butler Snow LLP

Corporate Transparency Act Declared Unconstitutional

Butler Snow LLP on

On March 1, 2024, the U.S. District Court for the Northern District of Alabama (Northeastern Division) held that the Corporate Transparency Act (the “CTA”) is unconstitutional. See National Small Business United v. Yellen,...more

Levenfeld Pearlstein, LLC

Federal Court Finds Corporate Transparency Act Unconstitutional: What Do Illinois Community Associations Need to Know?

Levenfeld Pearlstein, LLC on

A recent federal court ruling has cast doubt over the Corporate Transparency Act (“CTA”), a federal law that broadly imposes certain reporting requirements by January 1, 2025 and applies to most condominium and community...more

King & Spalding

Federal District Court in Alabama Declares CTA Unconstitutional; DOJ Appeals to 11th Circuit; FinCEN Requires Continued Compliance

King & Spalding on

On March 1, 2024, a federal judge in the U.S. District Court for the Northern District of Alabama ruled that the Corporate Transparency Act (“CTA”) is unconstitutional. The CTA and its implementing regulations require that...more

Adams and Reese LLP

CTA Update – Where Do We Stand After Alabama District Court Ruling?

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On March 1, 2024, the Northern District of Alabama Northeastern Division, in National Small Business United v. Yellen, No. 5:22-cv-1448 (N.D. Ala.), ruled the Corporate Transparency Act unconstitutional. However, the holding...more

McNees Wallace & Nurick LLC

CTA Here to Stay? Federal District Court Rules Corporate Transparency Act Unconstitutional

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Although the Corporate Transparency Act (“CTA”) became effective Jan. 1, 2024, in just two short months, its constitutionality was challenged in the U.S. District Court, Northern District of Alabama’s decision issued on March...more

Kohrman Jackson & Krantz LLP

Federal District Court in Alabama Deems Corporate Transparency Act Unconstitutional

Kohrman Jackson & Krantz LLP on

The Corporate Transparency Act (the CTA), which became effective on January 1, 2024, was ruled unconstitutional by the U.S. District Court for the Northern District of Alabama (District Court), in the case styled National...more

Smith Debnam Narron Drake Saintsing & Myers,...

What Small Businesses Need to Know About the Corporate Transparency Act

Smith Debnam Narron Drake Saintsing & Myers,... on

If you are operating a small business and have not educated yourself about the Corporate Transparency Act (“CTA”) requirements that became effective on January 1, 2024, now would be a good time to pay attention. Knowing the...more

Stark & Stark

Community Association Reporting Requirements Under the Corporate Transparency Act

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On January 1, 2024, the Corporate Transparency Act (the “CTA”) became effective. The main goal of the CTA is to combat financial crimes by enhancing transparency in the ownership and control of corporations. ...more

Holland & Knight LLP

The Corporate Transparency Act: FinCEN Clarifies the Subsidiary Rule Exemption

Holland & Knight LLP on

The Corporate Transparency Act (CTA) entered into force on Jan. 1, 2024. Under the beneficial ownership information reporting rule of the CTA, certain entities – such as corporations, limited liability companies and other...more

McNees Wallace & Nurick LLC

The Corporate Transparency Act: What Is It and What Does It Mean for Business Owners?

McNees Wallace & Nurick LLC on

A significant change in the landscape of corporate compliance is on the horizon, and it will affect the vast majority of small businesses. On January 1, 2024, reporting under the Corporate Transparency Act (the “CTA” or...more

Greenberg Glusker LLP

Corporate Transparency Act: Action Plan for Upcoming Reporting Requirements

Greenberg Glusker LLP on

Back in August, our firm released an alert on the Corporate Transparency Act (the “CTA”), summarizing the reporting obligations and the important deadlines for entities that will be considered “reporting companies” under the...more

ArentFox Schiff

Latest on the CTA: FinCEN Extends Reporting Deadline for 2024

ArentFox Schiff on

On November 29, the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued a final rule extending the Corporate Transparency Act (CTA) deadline to file initial beneficial ownership information (BOI)...more

Seward & Kissel LLP

FinCEN Imposes New Reporting Requirements on LLCs and Other Entities

Seward & Kissel LLP on

The Corporate Transparency Act (the “CTA”), a set of new regulations being implemented by the Financial Crimes Enforcement Network (“FinCEN”), requires entities newly formed or registered to do business in the United States...more

Bass, Berry & Sims PLC

Unveiling the Federal Corporate Transparency Act: Requirements, Compliance, and Implications

Bass, Berry & Sims PLC on

The Corporate Transparency Act (CTA) is a federal law that will require various types of businesses – such as corporations, limited liability companies, and limited partnerships operating in the United States – to begin to...more

BakerHostetler

Corporate Transparency Act: An Overview

BakerHostetler on

What is the Corporate Transparency Act? The CTA will require all “reporting companies” to disclose certain information on their beneficial owners to FinCEN....more

Best Best & Krieger LLP

What You Need to Know About the U.S. Corporate Transparency Act

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Practical Issues for Entity Management - The Corporate Transparency Act (CTA) is new legislation passed by Congress as part of the Anti-Money Laundering Act of 2020. This legislation sets forth uniform beneficial ownership...more

Bradley Arant Boult Cummings LLP

Congress Passes Corporate Transparency Act Requiring Certain Companies to Report Beneficial Ownership Information

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On December 11, 2020, the U.S. Congress passed legislation requiring certain privately held companies in the U.S. to report ownership information to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network...more

Harris Beach PLLC

Customer Due Diligence Deadline Nears

Harris Beach PLLC on

Financial institutions face a pending deadline to meet new customer due diligence requirements. FinCEN has issued updated Frequently Asked Questions to assist financial institutions in understanding the scope of the...more

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