FinCEN issued an interim final rule (IFR) that revises the definition of a reporting company under the Corporate Transparency Act (CTA), provides new reporting deadlines for non-exempt reporting companies, and exempts all... Read more »
The US Department of the Treasury issued a release stating that it will not enforce the Corporate Transparency Act (CTA) against US citizens or domestic reporting companies, and will issue a proposed... Read more »
The Financial Crimes Enforcement Network (FinCEN) issued a release pausing enforcement measures under the Corporate Transparency Act (CTA), including fines or penalties, for failure to file or update the beneficial ownership information... Read more »
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... Read more »
On January 23, 2025, the US Supreme Court granted the US Department of Justice’s application for stay of the universal injunction of the Corporate Transparency Act (CTA) previously ordered by a panel... Read more »
On December 26, 2024, a panel of the US Court of Appeals for the Fifth Circuit vacated a portion of an earlier order which granted the Department of Justice’s emergency motion to... Read more »
On December 23, 2024, the US Court of Appeals for the Fifth Circuit granted the Department of Justice’s emergency motion staying the preliminary injunction against enforcement of the Corporate Transparency Act (CTA)... Read more »
The US District Court for the Eastern District of Texas issued a preliminary injunction effective nationwide against the enforcement of the Corporate Transparency Act (CTA) and its implementing regulations ahead of an... Read more »
The Corporate Transparency Act has been declared unconstitutional. On March 1, 2024, U.S. District Court Judge Liles C. Burke issued a 53-page opinion[1] granting summary judgment for the National Small Business Association and... Read more »