Following announcements from the Financial Crimes Enforcement Network (“FinCEN”) on February 27, 2025, and the United States Department of the Treasury (the “Treasury”) on March 2, 2025, it would appear that beneficial...more
3/21/2025
/ Beneficial Owner ,
Corporate Transparency Act ,
Enforcement Actions ,
Filing Deadlines ,
FinCEN ,
Popular ,
Proposed Rules ,
Regulatory Requirements ,
Reporting Requirements ,
Rulemaking Process ,
U.S. Treasury
On Monday, December 23, 2024, the Fifth Circuit Court of Appeals issued an order reviving the January 1, 2025, deadline for reporting companies to file beneficial ownership information reports with the Financial Crimes...more
12/27/2024
/ Appeals ,
Beneficial Owner ,
Business Entities ,
Business Ownership ,
Corporate Transparency Act ,
Filing Deadlines ,
Filing Requirements ,
FinCEN ,
Preliminary Injunctions ,
Regulatory Agenda ,
Regulatory Requirements ,
Reporting Requirements ,
Smaller Reporting Companies ,
Stays ,
Time Extensions
On Tuesday, December 3, 2024, a United States district court in the Eastern District of Texas issued a national preliminary injunction enjoining the enforcement of the Corporate Transparency Act. The injunction specifically...more
12/5/2024
/ Beneficial Owner ,
Business Entities ,
Corporate Transparency Act ,
Filing Deadlines ,
Financial Regulatory Reform ,
FinCEN ,
Preliminary Injunctions ,
Publicly-Traded Companies ,
Regulatory Agenda ,
Regulatory Requirements ,
Reporting Requirements ,
Stays
This article was originally published in May 2021, and updated January 2022 and March 2023.
Approved by Congress in January 2021, the Corporate Transparency Act (CTA) is a new federal law requiring many business entities...more
3/16/2023
/ Beneficial Owner ,
Business Entities ,
Business Ownership ,
Corporate Governance ,
Corporate Transparency Act ,
Disclosure ,
Exemptions ,
FinCEN ,
Penalties ,
Regulatory Requirements ,
Reporting Requirements ,
U.S. Treasury