JD Supra32m
Treasury Department Declares Intent to Limit CTA to Foreign Reporting Companies
After the Financial Crimes Enforcement Network (FinCEN) stated that it would hold off on taking enforcement actions against Reporting Companies ...
JD Supra1h
U.S. Treasury Department Announces Suspension of BOI Reporting Penalties for U.S. Parties
On February 19, 2025, the Financial Crimes Enforcement Network (“FinCEN”) announced that most reporting companies under the ...
Nonprofit concerns with the Corporate Transparency Act
After sitting on ice for most of the winter, the Corporate Transparency Act (CTA) is ready to spring into action. Companies ...
Treasury ends enforcement of business ownership database meant to stop shell company formation
The U.S. Treasury Department says it will not enforce a Biden-era small business rule intended to curb money laundering and ...
Trump Administration Curbs Enforcement of the Corporate Transparency Act
Treasury Department said it won’t take enforcement action against Americans or American companies who fail to file ownership information under the law.