Corporate Transparency Act

Following the U.S. Treasury’s 2 March 2025 announcement, the Financial Crimes Enforcement Network (FinCEN) has issued an interim final rule that significantly narrows the scope of entities required to report beneficial ownership information (BOI) under the Corporate Transparency Act. Under the revised rule, only entities formed under foreign law and registered to do business in […]

The U.S. Treasury Department has announced a major shift in its approach to the Corporate Transparency Act (CTA)—a move that significantly reduces compliance burdens for U.S. businesses. In a statement on 2 March 2025, Treasury confirmed that it will not enforce penalties or fines for failing to meet the CTA’s beneficial ownership information (BOI) reporting […]

In a last-minute change of course, the 5th Circuit Court of Appeals lifted the pause on the Corporate Transparency Act (CTA). This means businesses must once again file their Beneficial Ownership Information (BOI) reports by January 1, 2025. What Does This Mean? If your company is formed or registered in the U.S., you’ll likely need to report […]

On December 3rd, a Texas federal court issued a preliminary nationwide injunction blocking the enforcement of the Corporate Transparency Act (CTA) and its associated regulations, which require U.S. businesses to report stakeholder information to the Treasury Department. Judge Amos L. Mazzant III of the U.S. District Court for the Eastern District of Texas granted the […]

The Corporate Transparency Act (CTA) was passed by the United States Congress to combat money laundering and terrorist financing. The CTA establishes a beneficial ownership information reporting requirement for corporations, limited liability companies, and other similar entities created or registered to do business in the United States. The beneficial ownership information reports must be filed […]