Caroline E. Ellis

Bracewell LLP

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Latest Posts › U.S. Treasury

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FinCEN Adopts Interim Final Rule Limiting CTA Reporting Requirements to Foreign Reporting Companies

US legal entities are no longer subject to the reporting requirements of the Corporate Transparency Act (CTA). On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN), a bureau of the US Department of Treasury...more

4/1/2025 / Beneficial Owner , Business Entities , Corporate Transparency Act , Filing Deadlines , Filing Requirements , FinCEN , Foreign Corporations , Interim Final Rules (IFR) , Reporting Requirements , U.S. Treasury

Another CTA Freeze: Treasury Department Announces Suspension of Enforcement Against Domestic Reporting Companies

If you have been following our reports on the subject, you know that the Corporate Transparency Act (CTA) had a tumultuous end to 2024 and start to 2025, with a series of court actions leading to oscillating reports about...more

3/13/2025 / Beneficial Owner , Business Entities , Compliance , Corporate Transparency Act , Enforcement Actions , FinCEN , Regulatory Reform , Regulatory Requirements , Rulemaking Process , U.S. Treasury

Corporate Transparency Act Reporting Obligations Effective Again With March 21, 2025, Deadline for Most Reporting Companies

On February 17, 2025, the US District Court for the Eastern District of Texas (EDTX) in Smith, et. al. v. US Department of the Treasury, et. al., entered an order staying the nationwide injunction on enforcement of the...more

2/26/2025 / Beneficial Owner , Compliance , Corporate Governance , Corporate Transparency Act , Department of Justice (DOJ) , Enforcement Actions , FinCEN , Regulatory Requirements , Reporting Requirements , U.S. Treasury

Beneficial Ownership Information Reporting Under the Corporate Transparency Act

On January 1, 2024, the reporting requirements under the Corporate Transparency Act (CTA) became effective. The CTA was enacted by Congress on January 1, 2021, as part of the Anti-Money Laundering Act of 2020 and requires...more

1/25/2024 / Beneficial Owner , Corporate Transparency Act , Financial Institutions , FinCEN , IRS , Policies and Procedures , Reporting Requirements , U.S. Treasury

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