The Financial Crimes Enforcement Network (FinCEN) has advised that the beneficial ownership information filings mandated under the Corporate Transparency Act (CTA) will remain voluntary, despite the US Supreme Court’s grant of a stay application of the universal injunction of the enforcement of the CTA previously ordered by a panel of the US District Court of the Eastern District of Texas, Sherman Division. FinCEN noted that a separate injunction issued by a judge in the Tyler Division of the Eastern District of Texas still remains in effect.
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CTA Filings Still Voluntary Despite Supreme Court Stay of Top Cop Shop Injunction
