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Beneficial Owner Corporate Governance Corporate Transparency Act

Herbert Smith Freehills Kramer

US Corporate Governance — 2025 Midyear Review

The Financial Crimes Enforcement Network (FinCEN) issued an interim final rule in March 2025 that removes requirements for US companies to report beneficial ownership information under the Corporate Transparency Act (CTA)....more

Winstead PC

Corporate Transparency Act Update: U.S. Companies No Longer Subject to Reporting Obligations

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As promised, FinCEN has adopted its interim final rule and narrowed the filing requirements for Beneficial Ownership Information (“BOI”) reporting under the Corporate Transparency Act (“CTA”). This rule exempts U.S. entities...more

A&O Shearman

Economic Crime and Corporate Transparency Act 2023: where are we and what’s next?

A&O Shearman on

The Economic Crime and Corporate Transparency Act 2023 (ECCTA) has made, and will continue to make, significant amendments to company law in the UK. Since the first raft of company law changes implementing parts of ECCTA...more

Bricker Graydon LLP

FinCEN’s Interim Final Rule Eliminates Reporting Requirements For U.S. Entities and U.S. Persons Under the CTA

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On March 21, 2025, the Financial Crimes and Enforcement Network (FinCEN) issued an interim final rule that drastically changes the reporting requirements under the Corporate Transparency Act (CTA)....more

WilmerHale

Corporate Transparency Act: FinCEN Suspends BOI Reports for U.S. Companies and Persons, Sets New Filing Deadlines for Foreign...

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On Friday, March 21, 2025, FinCEN issued an interim final rule (“IFR”) eliminating beneficial ownership information (“BOI”) reporting requirements for U.S. companies and U.S. persons under the Corporate Transparency Act...more

Parker Poe Adams & Bernstein LLP

Scope of Corporate Transparency Act Dramatically Narrowed Under New Rule

In an interim final rule (IFR) announced March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) dramatically narrowed the scope of the Corporate Transparency Act (CTA). Under the IFR, which is effective...more

Bailey & Glasser, LLP

Client Alert: "BOI Reporting Dropped for U.S. Entities; 30-Day Extension for Foreign Companies"

Bailey & Glasser, LLP on

In the latest turn of events in the ever-evolving reporting rule saga under the Corporate Transparency Act (“CTA), on March 21, 2025, FinCEN issued an Interim Final Rule (“IFR”) and accompanying press release, aligning with...more

Wiley Rein LLP

FinCEN Guts Corporate Transparency Act; Narrows Scope to Cover Only Foreign Companies and Beneficial Owners

Wiley Rein LLP on

On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) issued an interim final rule (IFR) that materially alters the Corporate Transparency Act’s (CTA) reporting requirements. Consistent with FinCEN’s March 2,...more

Holland & Knight LLP

Corporate Transparency Act Interim Final Rule Issued

Holland & Knight LLP on

In the latest development of the ongoing Corporate Transparency Act (CTA) saga, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) on March 21, 2025, issued an interim final rule that...more

Dorsey & Whitney LLP

FinCEN Eliminates CTA Compliance for U.S. Corporate Entities and U.S. Persons – Limiting Compliance to Foreign Reporting Companies

Dorsey & Whitney LLP on

On Friday, March 21, 2025, the United States Financial Crimes Enforcement Network (“FinCEN”) issued for publication in the Federal Register an “interim final rule” (the “Revised Rule”) that effectively exempts all domestic...more

Conyers

Cayman Islands: Legitimate Interest Access of Beneficial Ownership

Conyers on

The Beneficial Ownership Transparency (Legitimate Interest Access) Regulations, 2024 commenced on 28 February 2025. Under these Regulations, the Cayman Islands Registrar (the “Registrar”) may provide access to the information...more

IR Global

Corporate Transparency Act – Reporting Obligations are Back in Effect

IR Global on

The Financial Crimes’s Enforcement Network of the U.S. Treasury Department (“FinCEN”) Beneficial Ownership Information (“BOI”) reporting obligations under the Corporate Transparency Act (“CTA”) are once again back in effect....more

McGuireWoods LLP

Treasury Department Declares Intent to Limit CTA to Foreign Reporting Companies

McGuireWoods LLP on

After the Financial Crimes Enforcement Network (FinCEN) stated that it would hold off on taking enforcement actions against Reporting Companies for failure to comply with the March 21, 2025, deadline under the Corporate...more

White and Williams LLP

Latest Corporate Transparency Act Update from FinCEN: Enforcement Paused, For Now

Stay tuned – another shoe is likely to drop from Washington D.C. on the CTA (“Corporate Transparency Act”) in the next three weeks. As we previously reported on February 18, 2025, the U.S. District Court for the Eastern...more

McNees Wallace & Nurick LLC

FinCEN Suspends CTA Enforcement

On February 18, 2025, the United States District Court for the Eastern District of Texas reinstated reporting obligations under the Corporate Transparency Act (CTA) (31 U.S.C. §5336), requiring reporting companies to resume...more

Miller & Martin PLLC

The Corporate Transparency Act: FinCEN Not Issuing Fines or Penalties in Connection with March 21 Deadline

Miller & Martin PLLC on

As an update to our February 21 article, yesterday FinCEN announced that it “will not issue any fines or penalties or take any other enforcement actions against any companies based on any failure to file or update beneficial...more

Hinckley Allen

Update: CTA Deadline Temporarily Not Enforced

Hinckley Allen on

On February 27, 2025, the Financial Crimes Enforcement Network (“FinCEN”) announced it will not be enforcing the current Corporate Transparency Act (“CTA”) deadline of March 21, 2025 for Beneficial Ownership Information...more

Mayer Brown

The Time Has Come: Court Reinstates CTA Filing Requirements, FinCEN Sets New Deadline For Compliance

Mayer Brown on

AT A GLANCE - On February 17, 2025, the US District Court for the Eastern District of Texas stayed its January 7 order, enjoining enforcement of the Corporate Transparency Act and suspending the effectiveness of the...more

Conyers

BVI Corporate Review – Q4 2024

Conyers on

Welcome to the final edition of our Quarterly Corporate Update for 2024 covering recent developments in the British Virgin Islands. The fourth quarter of 2024 saw continued strong activity in the BVI office. Our corporate...more

Rosenberg Martin Greenberg LLP

CTA Whiplash Continues – FinCEN Announces Compliance is Mandatory but Extends Deadline – RMG

Beneficial Ownership Information (“BOI”) reporting under the Corporate Transparency Act (the “CTA”) is once again mandatory. On February 18, 2025, the CTA was reinstated by the U.S. District Court for the Eastern District of...more

Bracewell LLP

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

Bracewell LLP on

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

Saul Ewing LLP

Corporate Transparency Act and FinCEN New Compliance Deadlines

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Medical practices, dental practices and other health care entities must again comply with the federal Corporate Transparency Act (“CTA”). The deadline for compliance is March 21, 2025....more

Dinsmore & Shohl LLP

Corporate Transparency Act Deadline Set For March 21

Dinsmore & Shohl LLP on

On February 17, 2025, the U.S. District Court for the Eastern District of Texas lifted a nationwide order that had blocked enforcement of the Beneficial Ownership Information Reporting Rule. This rule, which implements the...more

White and Williams LLP

Phoenix-Like: the Corporate Transparency Act Returns, Reporting Requirements Due March 21, 2025

White and Williams LLP on

The Corporate Transparency Act (CTA) is back on. A federal judge in Texas has lifted the preliminary injunction issued in Smith v. U.S. Department of the Treasury, 6:24-cv-00336 (E.D. Tex.), which had previously prevented the...more

Jaburg Wilk

CTA Back in Effect with Extended Deadline

Jaburg Wilk on

There has been a recent development in the ongoing ride that is the Corporate Transparency Act (“CTA”). A U.S. District Court ruling as of February 18, 2025 put the CTA back into effect with a filing deadline of March 21,...more

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