An expert Q&A on the US Department of the Treasury’s Financial Crimes Enforcement Network’s (FinCEN’s) interim final rule ...

Three Mexican financial institutions will be barred from transacting with U.S.-based banks after a U.S. Treasury agency ...

The CTA’s original framework required "reporting companies," including corporations, limited liability companies (LLCs), and similar entities, to submit detailed ownership information to FinCEN.

FinCEN now estimates approximately 12,000 reporting companies must comply with the CTA and its implementing regulations—down from the 32.6 million projected under the previous rule. Looking Ahead ...

The Treasury Department's Financial Crimes Enforcement Network issued an interim final rule Friday removing the requirement under the Corporate Transparency Act for U.S. companies and people to report ...

On Jan. 1, 2024, the Corporate Transparency Act (CTA) took effect. Originally enacted to combat financial crimes such as money laundering, terrorist financing, and tax evasion, the CTA requires ...

U.S. District Court lifts stay on CTA enforcement. FinCEN extends BOI reporting deadline to March 21, 2025, while assessing options to reduce burden for low-risk ent ...

After the CTA passed in 2021, the BOI reporting requirement was scheduled to go into effect on Jan. 1, 2025, but then faced various legal challenges which have pushed the deadline for compliance ...

The CTA requires that the owners and part-owners of an estimated 32.6 million small businesses must register personal information with FinCEN, such as a photo ID and home address, by Jan. 1.

The CTA requires that the owners and part-owners of an estimated 32.6 million small businesses must register personal information with FinCEN, such as a photo ID and home address, by Jan. 1.