An expert Q&A on the US Department of the Treasury’s Financial Crimes Enforcement Network’s (FinCEN’s) interim final rule (IFR), effective March 26, 2025, and its effects on reporting ...

CPA firms are constantly confronted by regulatory, compliance, and ethics issues in the face of an unpredictable and changing ...

As you will remember, “The CTA requires that FinCEN provide a unique identifier (FinCEN ID) upon request to: (1) an individual who provides FinCEN with the same information as is required from a ...

Business owners and general counsel across the US — and beyond — breathed a sigh of relief when the FinCEN in March exempted all US companies and persons from beneficial ownership information ...

Gary Shapiro is rapidly becoming Enemy No. 1 of the broadcast TV industry. He and the Consumer Technology Association are dead-set against forcing manufacturers to bring ATSC 3.0-powered "NEXTGEN ...

WASHINGTON — Consistent with the U.S. Department of the Treasury’s announcement, the Financial Crimes Enforcement Network (FinCEN) has issued an interim final rule removing the requirement for U.S.

However, in their announcement FinCEN suggested that an update would be provided by March 21, 2025, that could extend that deadline and issue further guidance on the applicability of the CTA. What is ...

A foreign person whose FinCEN ID remains on the report of a domestic reporting company that has not made an updated CTA filing might have an obligation to update the FinCEN ID information.

FinCEN estimates that only 20,000 entities are now required to file beneficial ownership information, compared to the previous 32.6 million entities required to report under the original rule. The CTA ...

What is the CTA? The CTA is part of a broader effort to combat financial crimes such as money laundering and tax evasion. Under the CTA, most corporations, limited liability companies and similar ...

FinCEN revises CTA rules, limiting reporting to foreign entities and delaying deadlines. Learn about exemptions and implications for U.S. legal entities ...

Month-in-Brief update: FinCEN Interim Final Rule Limits CTA BOI Reporting; Reincorporation Decision Protected by Business Judgment Rule; and more.