U.S. companies and U.S. persons are now exempt from the beneficial ownership reporting requirements under the Corporate Transparency Act and Beneficial Ownership Information Reporting Rule.
The Treasury Department鈥檚 decision to suspend enforcement of the CTA and BOI Reporting Rule means that beneficial ownership reporting under the CTA is now voluntary for U.S. citizens an...
FinCEN announced that it will not impose fines or penalties on companies that do not submit their beneficial ownership information reports by the upcoming deadline of March 21, 2025. The ...
A U.S. District Court stayed the remaining nationwide injunction against the Corporate Transparency Act, thereby reinstating the reporting requirements under the BOI Reporting Rule. In a ...
While the Supreme Court granted the government鈥檚 motion to stay the nationwide injunction issued in Texas Top Cop Shop, Inc. v. McHenry, reporting companies are still not required to su...
OFAC and the U.S. State Department significantly broadened sanctions targeting Russia鈥檚 energy sector by imposing blocking sanctions on two major oil producers and hundreds of other ind...
Reversing an order issued earlier this week, the Fifth Circuit reinstated the nationwide injunction on enforcement of the Corporate Transparency Act, placing reporting requirements back o...
The Fifth Circuit granted a stay of the nationwide injunction that paused reporting requirements under the Corporate Transparency Act. As a result, reporting companies are once again requ...
The final rule continues CFIUS鈥檚 emphasis on enforcement by expanding its ability to require information production and significantly increasing maximum penalties.
