News

Condo Adviser: Community associations are not required to comply with the Corporate Transparency Act
I am confused about the current status of whether the Corporate Transparency Act (CTA) applies to community associations ...
JD Supra11h
Out with a Whimper: FinCEN Issues Interim Final Rule on Corporate Transparency Act, Narrows BOI Reporting Requirements
On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) announced an interim final rule, which was officially published in the ...
JD Supra15d
FinCEN Adopts Interim Final Rule Limiting CTA Reporting Requirements to Foreign Reporting Companies
US legal entities are no longer subject to the reporting requirements of the Corporate Transparency Act (CTA). On March 21, 2025, the Financial ...
Biometric Update7h
US Corporate Transparency Act rollbacks create customer ID verification needs
The executive branch is rolling back the Corporate Transparency Act and shifting the responsibility of fraud detection. How ...
GlobalAir.com12d
FinCEN adopts interim final rule to narrow scope of Corporate Transparency Act, opens comment period
The interim final rule drastically reduces the number of entities required to report beneficial ownership information. The ...
The National Law Review22d
CTA UPDATE: FinCEN Issues Interim Final Rule Exempting Domestic Companies and US Beneficial Owners From Reporting Requirements
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 ...
The National Law Review23d
CTA 2.0 – FinCEN Limits CTA’s Reporting Requirements to Certain Non-U.S. Entities and Non-U.S. Individuals
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 ...
Corporate Transparency Act: Current Status and Future Implications for Health Care Clients
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 ...
Accounting Today23d
FinCEN rule would end BOI reporting for US companies
The move reflects an announcement earlier this month in which FinCEN said it would no longer enforce the CTA, nor enforce any penalties or fines associated with beneficial ownership reporting under ...
Forbes23d
All That For Nothing? FinCEN Exempts U.S. Businesses From CTA Reporting
FinCEN cited this executive order, along with the CTA’s own language instructing regulators to “minimize burdens,” as justification for the move. The Departments of Justice and Homeland ...
Accounting Today21d
Treasury publishes rule narrowing BOI reporting
The move reflects an announcement earlier this month in which FinCEN said it would no longer enforce the CTA, nor enforce any penalties or fines associated with beneficial ownership reporting under ...