Fincen Not Issuing Fines or Penalties

FinCEN Not Issuing Fines or Penalties in Connection with Beneficial Ownership Information Reporting Deadlines for Now
FinCEN announced that it will not issue any fines or penalties or take any other enforcement actions against any companies based on any failure to file or update beneficial ownership information (BOI) reports pursuant to the Corporate Transparency Act by the current deadlines.
FinCEN says there will be no fines, penalties for failure to report BOI before deadline
The Treasury Department's Financial Crimes Enforcement Network notified businesses that fail to report or update their beneficial ownership information before the agency's March 21 deadline will not face fines or penalties.
FinCEN Resets the Corporate Transparent Act’s BOI Deadline to March 21
Due to the February 17, 2025, decision by the U.S. District Court for the Eastern District of Texas in Smith, et al. v. U.S. Department of
FinCEN Again Delays CTA Reporting Deadlines and Suspends Enforcement
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.
Who Needs to File a BOI Report and What to Know About the Deadlines
After a short reprieve from the requirement to file a beneficial ownership information report (BOIR) with the federal government, most businesses are again mandated to comply with the reporting obligations under the Corporate Transparency Act (CTA).
FinCEN Announces No Penalties for BOI Reporting Failures
FinCEN announced “it will not issue any fines or penalties or take any other enforcement actions against companies based on
FinCEN Offers Extra Time To File After Court Reinstates Beneficial Ownership Information (BOI) Reporting Requirements
A court in the Eastern District of Texas has reinstated beneficial ownership information (BOI) reporting requirements under ...
Daily Herald6d
FinCEN strikes again: Recent Corporate Transparency Act updates
On Jan. 1, 2024, the Corporate Transparency Act (CTA) took effect. Originally enacted to combat financial crimes such as ...
Business owners: Have you heard of filing with FinCEN?
Business owners are now required to file beneficial ownership information (BOI) under the Financial Crimes Enforcement ...
Inside the twists and turns of a new business reporting mandate
A trio of lawyers from Venable LLP break down the history of the Corporate Transparency Act and what businesses need to know.
Monitor Appointed in TD Bank $3 Billion Anti-Money-Laundering Settlement
The Justice Department and the Financial Crimes Enforcement Network have jointly selected consulting firm Guidepost Solutions ...
Daily Herald2d
New deadline set for transparency act compliance
On Feb. 18, a federal judge lifted the stay in Smith v. U.S. Department of the Treasury, effectively reversing the nationwide injunction that prevented the government from enforcing the Federal ...
JD Supra2d
CTA Whiplash Continues – FinCEN Announces Compliance is Mandatory but Extends Deadline – RMG
Beneficial Ownership Information (“BOI”) reporting under the Corporate Transparency Act (the “CTA”) is once again mandatory.
Compliance Week1d
FinCEN announces FATF watchlist update: Laos, Nepal added, Philippines removed
The Treasury Department's Financial Crimes Enforcement Network (FinCEN) announced two countries have been added to the ...