Disclosure Requirements, FinCEN, Enforcement

Closing Call for the Corporate Transparency Act: FinCEN Removes Reporting Requirements for Domestic Business Entities

McNees Wallace & Nurick LLC on 3/28/2025

After almost fifteen months of legal challenges, conflicting court rulings, changing guidance from the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN), and a general air of uncertainty, it appears...more

Update: U.S. Companies and U.S. Persons No Longer Required to Provide Beneficial Ownership Information under the Corporate...

Seward & Kissel LLP on 3/26/2025

Following the Treasury Department’s announcement regarding the removal of fines and penalties under the Corporate Transparency Act (“CTA”), the Financial Crimes Enforcement Network (“FinCEN”) has now advised that U.S....more

U.S. Treasury Department Announces Changes to the BOI Reporting Requirements Under the Corporate Transparency Act

Wilson Sonsini Goodrich & Rosati on 3/6/2025

On March 2, 2025, the Department of Treasury confirmed in a press release that it will not enforce any penalties or fines associated with the BOI reporting requirements under the existing regulatory deadlines...more

What’s Ahead as Corporate Transparency Act Comes to a Crossroads

Farella Braun + Martel LLP on 1/15/2025

The recent whiplash regarding the validity of the Corporate Transparency Act (CTA)—it was enjoined just to particular parties, then enjoined nationwide, then un-enjoined, then enjoined again, while other courts let it...more

New Official Guidance on Voluntary Self-Disclosure of Trade Control Violations

Fenwick & West LLP on 7/31/2023

On July 26, 2023, the U.S. Department of Commerce, Bureau of Industry and Security (BIS), the U.S. Department of the Treasury Office of Foreign Asset Control (OFAC) and the U.S. Department of Justice (DOJ) released joint...more

More Stick Than Carrot for “Significant” Export Violations from the Bureau of Industry & Security Office of Export Enforcement

ArentFox Schiff on 4/26/2023

Voluntary No More - In taking steps to take the “voluntary” out of voluntary disclosure, Assistant Secretary of US Export Enforcement Matthew Axelrod issued another memorandum on April 18, 2023, following on his June 2022...more