Financial Crimes, Business Entities, Regulatory Requirements

Corporate Transparency Act – FinCEN Announces Domestic Reporting Companies Exempt From Filing

Downs Rachlin Martin PLLC on 3/25/2025

As promised, in order to reduce the burdens on placed on legitimate businesses, while still working to detect, prevent, and prosecute financial crimes, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN)...more

Corporate Transparency Act 2.0 – Narrowing Reporting Requirements

Goulston & Storrs PC on 3/24/2025

On March 21, 2025, the Financial Crimes Enforcement Network (“FinCEN”) issued an interim final rule that significantly changes the reporting requirements under the Corporate Transparency Act (“CTA”). This alert summarizes...more

Corporate Transparency Act Reporting

Holland & Knight LLP on 12/6/2024

The Corporate Transparency Act (CTA) requires "Reporting Companies" – domestic entities created by the filing of a document with a secretary of state and non-U.S. entities that have registered to do business in the United...more

Entities That 'Cease to Exist' Must Still Comply With the Corporate Transparency Act

Faegre Drinker Biddle & Reath LLP on 7/23/2024

On Monday, July 8, 2024, the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) released additional FAQs specifying that a reporting company (i.e., a company to which no exemption applies) created or...more

No Longer a Walk In The Park -- Entity Formation Under the U.S. Corporate Transparency Act

Verrill on 9/20/2023

Presently, forming a corporation, LLC, or other entity in the U.S. can be done on a largely anonymous basis, without naming its owners and with only limited disclosures about managers, officers, and directors. Under the...more

U.S. Corporate Transparency Act Reporting Requirements Saddle Start-Ups and Investors with New Mandated Federal Disclosure...

Nelson Mullins Riley & Scarborough LLP on 9/18/2023

In what amounts to a significant departure from centuries of precedent, millions of private companies will soon be required to file both initial and episodic disclosure reports regarding beneficial ownership and control with...more