Popular, Corporate Governance, FinCEN

US Corporate Governance — 2025 Midyear Review

Herbert Smith Freehills Kramer on 7/8/2025

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

BOI Reporting Penalties Suspended, No Need to File? Not So Fast

McGlinchey Stafford on 3/6/2025

The U.S. Department of Treasury has suspended all penalties and fines for beneficial ownership information (BOI) reporting under the Corporate Transparency Act (CTA) for U.S. citizens and domestic reporting companies. If...more

Corporate Transparency Act Beneficial Ownership Information (“BOI”) Requirements are Paused (Again)

IR Global on 1/15/2025

There is no current reporting obligation to file “beneficial ownership information” or a BOI Report. This update reflects the latest ruling by the US Court of Appeals for the 5th Circuit regarding BOI reporting issued...more

FinCEN Seeks Immediate Stay of Nationwide CTA Injunction

BakerHostetler on 12/16/2024

On Dec. 11, 2024, the U.S. government filed a motion requesting an immediate stay of the preliminary nationwide injunction issued last week by a federal district court in Texas that temporarily halted the implementation of...more

Securities & Corporate Governance Q4 2024 Quarterly Newsletter

Morris, Manning & Martin, LLP on 12/13/2024

Morris, Manning & Martin, LLP’s Securities & Corporate Governance Quarterly Newsletter is designed to update public and private company clients on recent developments in federal securities laws and corporate governance...more

The Corporate Transparency Act – 2024 Popular Reads on JD Supra

Beacon Insights by JD Supra on 12/9/2024

A roundup of some of the most widely read Corporate Transparency Act (CTA) publications on JD Supra throughout 2024....more

FinCEN Final New Rules Close Loopholes in U.S. Financial System

Foodman CPAs & Advisors on 9/27/2024

On August 28, 2024, FinCEN Final New Rules were published that address vulnerabilities in the U.S. financial system and are part of an on going effort to combat illicit finance and protect U.S. national security, as well as...more

The Impact of the Corporate Transparency Act on Companies in a Captive Insurance Structure

Womble Bond Dickinson on 5/30/2024

Captive insurance companies are likely exempt from filing a Beneficial Ownership Information (BOI) Report under the insurance company exemption to the Corporate Transparency Act (CTA). Likewise, companies that are owned by...more

Corporate Transparency Act Compliance: What Company Owners Need to Know in 2024 (and Beyond)

Oberheiden P.C. on 4/23/2024

The federal Corporate Transparency Act (CTA), formed under the National Defense Authorization Act, establishes new disclosure obligations for millions of companies operating in the United States and abroad including...more

The Corporate Transparency Act – What You Need to Know

Bressler, Amery & Ross, P.C. on 4/4/2024

If you own or plan to form an LLC, corporation, or similar business entity, you should be aware of the Corporate Transparency Act and its reporting requirements to avoid significant penalties....more

The Corporate Transparency Act Is Here and the New York LLC Transparency Act Is Coming

Skadden, Arps, Slate, Meagher & Flom LLP on 2/2/2024

The Corporate Transparency Act and its implementing regulations (together CTA) came into effect on January 1, 2024, requiring entities within its scope to disclose information, including about their beneficial owners, to the...more

Navigating the Maze: Who's Exempt from the Corporate Transparency Act?

Baker Donelson on 1/19/2024

On January 1, 2021, Congress enacted the National Defense Authorization Act of 2021. By only reading the title of the Act, one might not realize the significance of its impact upon the corporate world as we all know it....more

The Federal Corporate Transparency Act Through the Lens of Private Equity: Unique Challenges Await

Bass, Berry & Sims PLC on 10/25/2023

With a stated goal of enhancing transparency of business ownership, the federal Corporate Transparency Act (CTA) mandates various types of businesses – such as corporations, limited liability companies, and limited...more

FinCEN to host second ‘exchange’ on preventing ransomware

Foodman CPAs & Advisors on 7/26/2021

The United States Treasury Department’s Financial Crimes Enforcement Network (FinCEN) will hold a second FinCEN Exchange in August to discuss ways to combat increasingly sophisticated cyber and ransomware attacks. The FinCEN...more

Financial Institutions to Remain Vigilant of Ransomware Attacks as they are Facilitators of Ransomware Payments

Foodman CPAs & Advisors on 11/3/2020

On October 1, 2020, the Financial Crimes Enforcement Network (FinCEN) issued an advisory to alert Financial Institutions (FI) relating to “predominant trends, typologies, and potential indicators of ransomware and associated...more

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