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Hendershot Cowart P.C.

Federal Court Blocks Corporate Transparency Act: What This Means for Business Owners

Hendershot Cowart P.C. on

A Texas federal court has temporarily blocked the implementation of the Corporate Transparency Act (CTA) nationwide. The decision, issued by Judge Amos L. Mazzant III of the US District Court for the Eastern District of...more

Orrick, Herrington & Sutcliffe LLP

FinCEN requires title insurance companies to disclose individuals’ identities

On October 15, FinCEN renewed its Geographic Targeting Orders (GTOs) requiring U.S. title insurance companies to report the identities of individuals behind shell companies used in non-financed residential real estate...more

Bowditch & Dewey

The Corporate Transparency Act – FinCEN Filing Reminders and Legal Updates

Bowditch & Dewey on

The Corporate Transparency Act (the “CTA”) became effective on January 1, 2024. In March 2024, a U.S. District Court from the Northern District of Alabama held that the CTA was unconstitutional [Nat’l Small Business United...more

Bradley Arant Boult Cummings LLP

The Wait Is Over: Corporate Transparency Act Takes Effect

The Corporate Transparency Act (CTA) and its requirements for privately held companies to report their beneficial ownership information went into effect on January 1, 2024. The CTA requires most corporations, limited...more

McGlinchey Stafford

Corporate Transparency Act Reporting Begins: Are You Ready?

McGlinchey Stafford on

Effective January 1, 2024, companies must disclose their beneficial owners to the Financial Crimes Enforcement Network (FinCEN) within the United States Department of Treasury. The reporting requirement is part of the U.S....more

Hendershot Cowart P.C.

Small Business Owners: New Federal Reporting Requirements Start January 1

Hendershot Cowart P.C. on

Beginning January 1, 2024, most small businesses in the United States will have to report information about the people who own and control the business to the federal government. This new reporting rule was established by...more

Foley Hoag LLP - White Collar Law &...

U.S. Senate Considering Update to Federal Anti-Money Laundering System

A bipartisan group of Senators, with the support of the American Bankers Association, recently introduced bill S.2563, known as the ILLICIT Cash Act. The acronym “ILLICIT” stands for “Improving Laundering Laws and Increasing...more

The Volkov Law Group

FinCEN Expands Crackdown on Real Estate Buyers

The Volkov Law Group on

Building on early successes, the Financial Crimes Enforcement Network (“FinCEN”) announced new rules targeting buyers of high-end real estate properties. Earlier this year, FinCEN adopted rules focusing on high-end...more

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