FinCEN also intends to initiate a process this year to revise the BOI reporting rule to reduce burden for lower-risk entities, including many U.S. small businesses.” The Notice is available here.

Practical Law asked Breanne E. Vaclavik and Jasmine T. Chen of Seyfarth Shaw LLP to provide insights on FinCEN’s IFR and how it impacts the CTA’s reporting requirements.

FinCEN Interim Final Rule Signals End of Domestic Entities’ CTA Reporting Obligations Christopher Climo, B. Riney Green, Katherine Smalley Bass, Berry & Sims PLC + Follow Contact ...

The Treasury Department formally published an interim final rule limiting the scope of the Corporate Transparency Act's beneficial ownership reporting requirement to foreign companies.

Starting on Jan. 1, most U.S. entities created to do business must file a Beneficial Ownership Information Report with FinCEN ...

FinCEN Adopts Interim Final Rule Limiting CTA Reporting Requirements to Foreign Reporting Companies by: Benjamin J. Martin , Caroline E. Ellis, Gabbie Hindera of Bracewell LLP - Update ...

Under the CTA, current board members of almost all community associations are considered “beneficial owners.” Therefore, such association board members must provide FinCEN with personal ...

The CTA mandates that certain U.S. entities disclose ownership details to FinCEN to enhance transparency and prevent financial crimes. While BOI reporting was temporarily halted due to legal ...

CTA reporting requirements are back in effect. Financial Crimes Enforcement Network extends deadlines to March 21, 2025, and plans to revise rules for lower-risk ent ...