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New Rules › Regulatory Requirements › FinCEN

Clark Hill PLC

Only Foreign Entities Need to Report Under the CTA

Clark Hill PLC on

On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN), a bureau of the Treasury Department, issued a new interim final rule on reporting under the Corporate Transparency Act (CTA). The new rule drastically...more

Kilpatrick

New Corporate Transparency Act Rules Adopted | Foreign Companies Registered to Do Business in the U.S. Must Report Their...

Kilpatrick on

Consistent with a U.S. Treasury Department press release that we previously reported on, Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued new rules under the Corporate Transparency Act (CTA) that only...more

Seward & Kissel LLP

Update: U.S. Companies and U.S. Persons No Longer Required to Provide Beneficial Ownership Information under the Corporate...

Seward & Kissel LLP on

Following the Treasury Department’s announcement regarding the removal of fines and penalties under the Corporate Transparency Act (“CTA”), the Financial Crimes Enforcement Network (“FinCEN”) has now advised that U.S....more

Orrick, Herrington & Sutcliffe LLP

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

Orrick, Herrington & Sutcliffe LLP on

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

Mitchell, Williams, Selig, Gates & Woodyard,...

FinCEN Beneficial Ownership Reporting No Longer Required for all U.S. Companies

Mitchell, Williams, Selig, Gates & Woodyard,... on

After months of uncertainty regarding enforcement of beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act (CTA), Financial Crimes Enforcement Network (FinCEN) has issued new rules...more

McDermott Will & Emery

Corporate Transparency Act Penalties Suspended; New Rulemaking Proposed

McDermott Will & Emery on

On March 2, 2025, and February 27, 2025, the US Department of the Treasury (Treasury) and the Financial Crimes Enforcement Network (FinCEN), a bureau of the Treasury, made significant announcements regarding the Beneficial...more

White & Case LLP

FinCEN and SEC Move Closer to New AML Requirements for Investment Advisers & ERAs

White & Case LLP on

On May 13, 2024, FinCEN and the SEC jointly proposed a new rule that would require SEC-registered investment advisers and exempt reporting advisers to maintain written customer identification programs (CIPs). The new rule...more

Sheppard Mullin Richter & Hampton LLP

Hospitality Alert: Quick Facts on the Corporate Transparency Act

Sheppard Mullin Richter & Hampton LLP on

Whether you are a hotel owner, operator, or developer, or anyone who has an interest in an LLC, corporation, or limited partnership, you should be aware of your new compliance obligations under the Corporate Transparency Act...more

Foster Swift Collins & Smith

Corporate Transparency Act: What You Need to Know Before 2024

Foster Swift Collins & Smith on

Introduction and Scope of New Rule - With a stated goal of countering money laundering, the financing of terrorism and other illicit activities (including those of Russian oligarchs currently under U.S. sanctions),...more

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