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

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 ...

FinCEN Says Corporate Transparency Act (CTA) Reports Are Voluntary Following Court Decision The U.S. government has appealed the nationwide preliminary injunction—and FinCEN has backed off of ...

In the event that the CTA is determined to be unconstitutional, the most likely thing to happen is that FINCEN will simply delete the data that it has accumulated and that will be the end of it.

The CTA generally requires "reporting companies" to report their "beneficial owners" to FinCEN. "Reporting companies" include corporations, limited liability companies, and other entities that are ...

FinCEN is also exempting entities previously known as "domestic reporting companies" from BOI reporting requirements. The move reflects an announcement earlier this month in which FinCEN said it would ...

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 Originally enacted to combat financial crimes such as money laundering, terrorist financing, and tax evasion, the CTA requires ...

FinCEN estimates that the CTA, P.L. 116-283, which includes the BOI reporting requirements, covers 32 million small businesses. The Texas Public Policy Foundation, which represents the plaintiffs in ...

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.