On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) announced an interim final rule, which was officially published in the ...

I am confused about the current status of whether the Corporate Transparency Act (CTA) applies to community associations ...

Millions of reporting companies breathed a sigh of relief on March 21, 2025, when the US Financial Crimes Enforcement Network (“FinCEN”) issued ...

The move reflects an announcement earlier this month in which FinCEN said it would no longer enforce the CTA, nor enforce any penalties or fines associated with beneficial ownership reporting under ...

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FinCEN cited this executive order, along with the CTA’s own language instructing regulators to “minimize burdens,” as justification for the move. The Departments of Justice and Homeland ...

The move reflects an announcement earlier this month in which FinCEN said it would no longer enforce the CTA, nor enforce any penalties or fines associated with beneficial ownership reporting under ...

FinCEN is accepting comments on the rule and will assess the exemptions, as appropriate, in light of those comments. FinCEN intends to issue a final rule later this year. This removes the burden felt ...

removed the requirement for U.S. companies and U.S. persons to report BOI to FinCEN under the CTA. In a press release, FinCEN said Friday that it will accept public comments on the rule and intends to ...