News

JD Supra4h
Practical Implications of the Interim Final Rule for BOI Reporting Under the CTA
As we previously discussed, the Financial Crimes Enforcement Network (FinCEN) published an interim final rule (IFR) on March 26 that narrowed ...
American Coin-Op11h
BOI Reporting No Longer Required of U.S. Companies, Persons
WASHINGTON — Consistent with the U.S. Department of the Treasury’s announcement, the Financial Crimes Enforcement Network ...
The Daily Caller on MSN7hOpinion
Trump Admin May Have Accidentally Empowered Cartels To Flood America With Fentanyl, Republican Legal Experts Warn
Republican legal experts are urging President Trump’s Treasury Department to undo a policy change which they argue allows ...
JD Supra2d
CTA Deadline Approaching for Foreign Reporting Companies
The Corporate Transparency Act (CTA) was adopted by Congress in January 2021 and became effective on January 1, 2024. Under the CTA and the ...
Condo Adviser: Community associations are not required to comply with the Corporate Transparency Act
I am confused about the current status of whether the Corporate Transparency Act (CTA) applies to community associations ...
The National Law Review28d
CTA UPDATE: FinCEN Issues Interim Final Rule Exempting Domestic Companies and US Beneficial Owners From Reporting Requirements
We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation ...
Forbes1mon
All That For Nothing? FinCEN Exempts U.S. Businesses From CTA Reporting
FinCEN cited this executive order, along with the CTA’s own language instructing regulators to “minimize burdens,” as justification for the move. The Departments of Justice and Homeland ...
The National Law Review29d
CTA 2.0 – FinCEN Limits CTA’s Reporting Requirements to Certain Non-U.S. Entities and Non-U.S. Individuals
We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation ...
American Banker1mon
FinCEN rule would end BOI reporting for US companies
The move reflects an announcement earlier this month in which FinCEN said it would no longer enforce the CTA, nor enforce any penalties or fines associated with beneficial ownership reporting under ...
JournalofAccountancy27d
BOI reporting changes don’t affect CTA’s constitutionality, filing says
The BOI filing requirement still applies to foreign companies registered to do business in the United States under the interim final rule from the Financial Crimes Enforcement Network (FinCEN), which ...
Accounting Today28d
Treasury publishes rule narrowing BOI reporting
The move reflects an announcement earlier this month in which FinCEN said it would no longer enforce the CTA, nor enforce any penalties or fines associated with beneficial ownership reporting under ...
Compliance Week1mon
FinCEN drops BOI requirement for U.S. companies, persons
removed the requirement for U.S. companies and U.S. persons to report BOI to FinCEN under the CTA. In a press release, FinCEN said Friday that it will accept public comments on the rule and intends to ...