News & Analysis as of

Reporting Requirements Compliance Dates FinCEN

Kaufman & Canoles

Treasury Department Halts Enforcement of CTA Beneficial Ownership Reporting Penalties

Kaufman & Canoles on

The Treasury Department announced that it will not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing Corporate Transparency Act regulatory deadlines....more

Bricker Graydon LLP

Major CTA Reporting Update: FinCEN Pauses Enforcement, Treasury Clarifies Scope

Bricker Graydon LLP on

CTA Update - On February 27th, 2025, FinCEN  put out a release stating they will not be issuing any fines or penalties or take any other enforcement actions against any companies based on a failure to file beneficial...more

Winstead PC

Corporate Transparency Act: Enforcement Suspended and New Rules to Come

Winstead PC on

FinCEN and the Department of the Treasury both provided updates this week regarding the Corporate Transparency Act....more

Saiber LLC

The Saiber Construction Law Column: February 2025

Saiber LLC on

The Corporate Transparency Act was passed in 2021 and took effect January 1, 2024. The purpose of the act is to help combat money laundering, fraud, and terrorism by requiring certain non exempt private companies to report...more

Fenwick & West LLP

The Corporate Transparency Act: Treasury Department Suspends Enforcement, Reporting Obligations

Fenwick & West LLP on

In a press release issued on March 2, 2025, the Treasury Department, which oversees the Financial Crimes and Enforcement Network (FinCEN), announced that it will not enforce any penalties or fines associated with the existing...more

Dorsey & Whitney LLP

CTA Will Now Apply Only to Foreign Reporting Companies

Dorsey & Whitney LLP on

On February 27, 2025, FinCEN confirmed that it would halt enforcement actions in relation to the Corporate Transparency Act (“CTA”) while it developed revised regulations that would prioritize reporting for “those entities...more

Holland & Knight LLP

Treasury Department Announcement on Enforcement and Scope of Corporate Transparency Act

Holland & Knight LLP on

In a press release on March 2, 2025, the U.S. Department of the Treasury announced that it will not enforce any penalties or fines associated with the beneficial ownership information (BOI) reporting rule under the existing...more

WilmerHale

Corporate Transparency Act: Treasury Announces CTA Relief for U.S. Citizens and Domestic Companies

WilmerHale on

In a major shift in policy, just days after the Financial Crimes Enforcement Network (“FinCEN”) announced that it would pause enforcement of the beneficial ownership information (“BOI”) reporting requirements under the...more

Lathrop GPM

Treasury Department Says It Will Not Enforce CTA Reporting Obligations for Domestic Entities. Additional Changes in Store.

Lathrop GPM on

On March 2, 2025, the U.S. Treasury Department announced suspension of the March 21, 2025 deadline for filing under the Corporate Transparency Act (CTA) for any domestic companies or U.S. citizens. The Department indicated...more

Miller Canfield

FinCEN Again Delays CTA Reporting Deadlines and Suspends Enforcement

Miller Canfield on

On February 27, 2025, the U.S. Financial Crimes Enforcement Network (FinCEN) announced that it intends to issue an interim final rule by March 21, 2025, with extended beneficial ownership information reporting deadlines. It...more

Bailey & Glasser, LLP

"CTA Whiplash: FinCEN Pumps the Brakes on Enforcement - What’s Next?"

Bailey & Glasser, LLP on

Strap in—Corporate Transparency Act (the “CTA”) compliance has taken yet another unexpected turn. Just as companies were gearing up to meet the March 21st deadline for filing beneficial ownership information (“BOI”) reports...more

Smith Anderson

Corporate Transparency Act Enforcement PAUSED - Reporting Companies May Suspend Compliance Pending Further FinCEN Guidance

Smith Anderson on

As we noted in our February 20, 2025, client alert, unless the Financial Crimes Enforcement Network ("FinCEN") or Congress decided to take action by March 21, 2025, the beneficial ownership information ("BOI") reporting...more

Williams Mullen

Corporate Transparency Act Update: Enforcement Suspended for U.S. Citizens and Domestic Reporting Companies

Williams Mullen on

In a release dated March 2, 2025, the Treasury Department has indicated that all enforcement of the Corporate Transparency Act (the “CTA”) against United States citizens and domestic reporting companies will be suspended,...more

Benesch

BOI Reporting Requirements are Back; But No Penalties, For Now

Benesch on

On February 18, 2025—after a flurry of litigation and uncertainty surrounding the Corporate Transparency Act’s (CTA) beneficial ownership information (BOI) reporting requirements—FinCEN set a new mandatory reporting...more

BakerHostetler

New Treasury Statement Nullifies CTA for US Entities

BakerHostetler on

The CTA is not dead, but it is hanging by a thread. On March 2, the U.S. Treasury Department (the Treasury) issued a press release announcing significant updates to the plans announced by FinCEN just a few days earlier....more

Dorsey & Whitney LLP

FinCEN Halts Enforcement of CTA (again!) - A Promised Future Rulemaking Will Reset Compliance Obligations

Dorsey & Whitney LLP on

Having only announced its extended March 21, 2025 deadline to file beneficial ownership information reports under the Corporate Transparency Act (“CTA”) last week, on February 27, 2025, FinCEN confirmed that it would “not...more

Holland & Knight LLP

Corporate Transparency Act: New Hold on BOI Penalties and Reporting

Holland & Knight LLP on

In a bombshell release issued on Feb. 27, 2025, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) announced that it will not impose any fines or penalties or take any other enforcement...more

BCLP

Pause for Effect: Current Corporate Transparency Act Deadlines will not be Enforced

BCLP on

Although the Corporate Transparency Act (the “CTA”) remains in full force and effect and, along with it, a requirement for most reporting companies to file their beneficial ownership information reports, the previously...more

Womble Bond Dickinson

Court Ruling Reinstates Corporate Transparency Act Enforcement; Filing Deadlines Now Set

Womble Bond Dickinson on

On February 18, 2025, the nationwide injunction against enforcing the Corporate Transparency Act (CTA) was “stayed” by Eastern District Court Judge Jeremy Kernodle (citing the Supreme Court’s ruling in Texas Top Cop Shop),...more

Winstead PC

Corporate Transparency Act Update: Reporting Requirements Now Back in Effect

Winstead PC on

Beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act (CTA) are now back in effect. As a result, all entities subject to the CTA are once again obligated to file BOI reports with...more

Kaufman & Canoles

The Corporate Transparency Act BOI Reporting Requirements Back in Effect

Kaufman & Canoles on

Beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act (CTA) are once again back in effect following the February 18, 2025, decision by the U.S. District Court for the Eastern...more

Fenwick & West LLP

The Corporate Transparency Act: Reporting Obligations Reinstated - Key Reminders Ahead of March 21 Filing Deadline

Fenwick & West LLP on

The Corporate Transparency Act (CTA) has been reinstated, and companies should proceed with preparing and filing their Beneficial Ownership Information Report (BOIR) ahead of the March 21, 2025, deadline....more

Bailey & Glasser, LLP

Client Alert: CTA Springs Back into Action - New BOI Report Filing Deadline Set for March 21, 2025

Bailey & Glasser, LLP on

Mark your calendars. After months of legal back and forth, the Corporate Transparency Act (“CTA”) reporting requirements are back in effect, for now, with a new deadline of March 21, 2025....more

Miller Canfield

Recent Developments: Nationwide CTA Injunction Lifted, New March 21, 2025, Reporting Deadline Set, and Reporting Rule May Be...

Miller Canfield on

On January 23, 2025, the United States Supreme Court (SCOTUS) reversed the U.S. district court’s preliminary injunction staying the Corporate Transparency Act (CTA) and the implementing Reporting Rule in Texas Top Cop Shop v...more

Smith Anderson

Nationwide Injunctions STAYED - Corporate Transparency Act Reporting Requirements Revived

Smith Anderson on

Since our December 31, 2024, client alert, there has been a flurry of activity involving all three branches of the federal government regarding the Corporate Transparency Act (“CTA”)....more

39 Results
 / 
View per page
Page: of 2

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide