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Small Business Final Rules Beneficial Owner

Proskauer Rose LLP

New Interim Rule Removes CTA Reporting Requirements for U.S. Companies and U.S. Persons

Proskauer Rose LLP on

On March 21, 2025, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued an interim final rule to the U.S. Corporate Transparency Act (“CTA”) that eliminates beneficial ownership...more

Orrick, Herrington & Sutcliffe LLP

FinCEN pauses beneficial ownership reporting enforcement: New rule and deadlines coming March 21

On February 27, FinCEN announced its plans to issue an interim final rule that will extend the current beneficial ownership information (BOI) reporting deadlines under the Corporate Transparency Act to March 21. Until the new...more

Foley & Lardner LLP

What You Need to Know about the Corporate Transparency Act’s Final Rule

Foley & Lardner LLP on

The Final Rule issued under the Corporate Transparency Act (CTA) is, as forecast, a sweeping and significant update to the U.S. anti-money laundering laws, estimated to affect over 32 million entities by requiring new reports...more

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