CTA Update: Nationwide Preliminary Injunction Lifted
On December 23, 2024, the Fifth Circuit Court of Appeals lifted the nationwide injunction on the Corporate Transparency Act (CTA), reinstating its enforceability. As a result, reporting companies and their beneficial owners are once again subject to the CTA’s requirements, necessitating the submission of beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN). In … Continue Reading