What FinCEN’s Elimination of the BOI Reporting Requirement Means for U.S. Entities On March 2, 2025, the U.S. Department of the Treasury announced important changes to the Corporate Transparency Act (CTA). These changes were followed by an interim final rule from the Financial Crimes Enforcement Network (FinCEN) on March 26, 2025. The new rule removes … Continue Reading
Corporate Transparency Act (“CTA”) Back in Effect On February 17, 2025 a federal judge in Texas lifted a preliminary injunction that had stopped enforcement of the of the Corporate Transparency Act (“CTA”). As a result, CTA reporting obligations are once again in effect. On February 18, 2025 the Financial Crimes Enforcement Network (FinCEN) issued a statement alerting … Continue Reading
The U.S. Court of Appeals for the Fifth Circuit has once again altered the legal landscape regarding the Corporate Transparency Act (CTA). On December 26, 2024, the court reinstated a nationwide preliminary injunction, pausing the enforcement of the CTA, including the associated filing deadlines. For the moment, companies are once again not required to submit … Continue Reading
Corporate Transparency Act: Nationwide Reporting Temporarily Suspended On December 3, 2024, in Texas Top Cop Shop, Inc., et al v. Garland et al, No. 4:24-cv-00478 (E.D. Tex. Dec. 3, 2024), a Texas federal district court issued a nationwide preliminary injunction halting the enforcement of the Corporate Transparency Act (CTA) by the U.S. Treasury’s Financial Crimes … Continue Reading
