Lauren Beeman at BCLP

FinCEN Eases CTA Reporting Rules: U.S. Companies Get a Pass, Foreign Entities Get a Breather

As previewed by FinCEN and Treasury earlier this month, FinCEN announced major changes to the application of the Corporate Transparency Act. On Friday evening, FinCEN issued an interim final rule that will remove the...more

3/26/2025 / Beneficial Owner , Corporate Transparency Act , Domestic Corporations , Filing Deadlines , FinCEN , Foreign Corporations , Interim Final Rules (IFR) , Reporting Requirements

Treasury Suspends CTA Enforcement Against U.S. Citizens and Companies; Federal District Court Declares CTA Unconstitutional

The Corporate Transparency Act (the “CTA”) remains in full force and effect, although FinCEN recently announced that it will not take any enforcement actions against reporting companies who fail either to file or to update...more

3/7/2025 / Beneficial Owner , Corporate Transparency Act , FinCEN , Fourth Amendment , Non-Enforcement , Reporting Requirements , Rulemaking Process , U.S. Treasury , Unconstitutional Condition

Pause for Effect: Current Corporate Transparency Act Deadlines will not be Enforced

Although the Corporate Transparency Act (the “CTA”) remains in full force and effect and, along with it, a requirement for most reporting companies to file their beneficial ownership information reports, the previously...more

3/3/2025 / Beneficial Owner , Compliance Dates , Corporate Transparency Act , Filing Deadlines , FinCEN , Regulatory Requirements , Reporting Requirements , Time Extensions

Corporate Transparency Act Update: FinCEN Asks SCOTUS to Intervene

As previously reported, on December 26, 2024, the Fifth Circuit first lifted—and then reinstated—a preliminary nationwide injunction staying the Corporate Transparency Act’s (“CTA”) reporting requirements pending appeal....more

1/6/2025 / Appeals , Beneficial Owner , Business Entities , Compliance , Corporate Transparency Act , Covered Entities , Filing Requirements , FinCEN , Injunctions , Petition for Writ of Certiorari , Popular , Preliminary Injunctions , Reporting Requirements , SCOTUS , Stays

To File, or Not to File: the Fifth Circuit’s Evolving Treatment of the Corporate Transparency Act

The U.S. Court of Appeals for the Fifth Circuit reinstated and then subsequently suspended the reporting requirements under the Corporate Transparency Act (the “CTA”) over the course of the last week by staying the original...more

1/2/2025 / Appeals , Beneficial Owner , Business Entities , Compliance , Corporate Transparency Act , Filing Deadlines , Filing Requirements , FinCEN , Injunctions , Preliminary Injunctions , Reporting Requirements , Stays , Time Extensions

Gone but Not Forgotten: New FinCEN Guidance on CTA Reporting Requirements for Companies that Cease to Exist

FinCEN clarifies that entities that are dissolved in 2024, or merge into other entities in 2024, do still have beneficial ownership information filing requirements if not exempt....more

7/10/2024 / Beneficial Owner , Corporate Dissolution , Corporate Transparency Act , FinCEN , Mergers , Reporting Requirements

FinCEN Updates CTA FAQs for the First Time in Three Months - Includes Clarity About Reporting Requirements for Beneficial Owners

On April 18, 2024, the Financial Crimes Enforcement Network (FinCEN) published an updated set of Frequently Asked Questions (FAQs) pertaining to the Beneficial Ownership Information (BOI) Reporting Rule under the Corporate...more

4/26/2024 / Beneficial Owner , Compliance , Corporate Transparency Act , Exceptions , FinCEN , Guidance Update , Natural Person Requirement , Reporting Requirements , Securities and Exchange Commission (SEC)

Lauren Beeman

BCLP

Popular Topics by This Author

Latest Publications