An expert Q&A on the US Department of the Treasury’s Financial Crimes Enforcement Network’s (FinCEN’s) interim final rule ...

FinCEN Says Corporate Transparency Act (CTA) Reports Are Voluntary Following Court Decision The U.S. government has appealed the nationwide preliminary injunction—and FinCEN has backed off of ...

The CTA requires that the owners and part-owners of an estimated 32.6 million small businesses must register personal information with FinCEN, such as a photo ID and home address, by Jan. 1.

The CTA requires that the owners and part-owners of an estimated 32.6 million small businesses must register personal information with FinCEN, such as a photo ID and home address, by Jan. 1.

The CTA generally requires "reporting companies" to report their "beneficial owners" to FinCEN. "Reporting companies" include corporations, limited liability companies, and other entities that are ...

In the event that the CTA is determined to be unconstitutional, the most likely thing to happen is that FINCEN will simply delete the data that it has accumulated and that will be the end of it.

The Financial Crimes Enforcement Network (FinCEN) should pause all enforcement of the Corporate Transparency Act (CTA), P.L. 116-283, and its required beneficial ownership information (BOI) reporting ...

Under the CTA, P.L. 116-283, which Congress passed in 2021 as an anti-money-laundering initiative, ... Hours later, FinCEN announced, in light of the court decision, that the Jan. 1, 2025, reporting ...

FinCEN is also exempting entities previously known as "domestic reporting companies" from BOI reporting requirements. The move reflects an announcement earlier this month in which FinCEN said it would ...