Last week, we reported that the U.S. Department of Treasury (DOT) through the Financial Crimes Enforcement Network (FinCEN) is temporarily staying enforcement of the monetary penalties for failure to comply with the Corporate...more
We previously reported that on December 26, 2024, the U.S. Court of Appeals for the Fifth Circuit vacated the Fifth Circuit motion panel’s stay of the Corporate Transparency Act (CTA) of the temporary injunction granted by...more
2/27/2025
/ Beneficial Owner ,
Compliance ,
Constitutional Challenges ,
Corporate Transparency Act ,
Department of Justice (DOJ) ,
Enforcement Actions ,
FinCEN ,
Popular ,
Reporting Requirements ,
SCOTUS ,
U.S. Treasury
On December 5, 2024, the U.S. Department of Justice, on behalf of the U.S. Department of Treasury, appealed this decision to the U.S. Court of Appeals for the Fifth Circuit. This is the first step to potentially overturn the...more
The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) has released its Small Entity Compliance Guide in preparation for beneficial ownership information reporting pursuant to the Corporate Transparency...more
What You Need to Know-
•The U.S. Treasury Department's FinCEN has issued its final Beneficial Ownership Information Reporting Rule pursuant to the Corporate Transparency Act.
•Most business entities will be required to...more
10/5/2022
/ Beneficial Owner ,
Corporate Transparency Act ,
Final Rules ,
Financial Crimes ,
FinCEN ,
Foreign Corporations ,
Ownership Interest ,
Reporting Requirements ,
Securities and Exchange Commission (SEC) ,
Taxpayer Identification Number ,
U.S. Treasury