While it is certainly true that the original CTA requirements covered a broad swath of this country’s small business community, FinCEN’s Notice issued February 27, 2025, promised to revise the ...

Just as companies were gearing up to meet the March 21 st deadline for filing beneficial ownership information (“BOI”) reports required by the CTA, FinCEN slammed the brakes on enforcement.

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.

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.

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 ...

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

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 ...