Following the February 18, 2025 ruling by the U.S. District Court for the Eastern District of Texas in Smith, et al. v. U.S. Department of the Treasury, et al., the beneficial ownership information ...

Earlier this week, the Financial Crimes Enforcement Network (FinCEN) issued a new notice confirming that the Corporate Transparency Act’s (CTA) beneficial ownership information (BOI) reporting ...

The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued a final interim rule that eliminates beneficial ownership information (BOI) reporting obligations for U.S.-based ...

In the interim final rule, FinCEN revised the definition of "reporting company" in its implementing regulations to mean only those entities that are formed under the law of a foreign country and that ...

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FinCEN is accepting comments on the rule and will assess the exemptions, as appropriate, in light of those comments. FinCEN intends to issue a final rule later this year. This removes the burden felt ...

The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) notified businesses that fail to report or update their beneficial ownership information (BOI) before the agency’s March 21 ...

The Treasury Department set a March 21 deadline for businesses to report "beneficial ownership information" or risk civil and criminal penalties. It delayed the prior deadline by 30 days. The delay ...

SHE JOINS US NOW WITH THE UPDATE ISABELLE. HEY, DESTINY. YES. LAST TIME WE BROKE DOWN EXACTLY WHAT THIS FILING REQUIREMENT IS AND HOW TO DO IT. AND NOW I’M BACK TO SAY IT IS REQUIRED IN THE DEADLINE ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...