Business owners: Have you heard of filing with FinCEN?
Business owners are now required to file beneficial ownership information (BOI) under the Financial Crimes Enforcement ...
The National Law Review1h
FinCEN Again Delays CTA Reporting Deadlines and Suspends Enforcement
On February 27, 2025, the U.S. Financial Crimes Enforcement Network (FinCEN) announced that it intends to issue an interim ...
Compliance Week2h
FinCEN says there will be no fines, penalties for failure to report BOI before deadline
The Treasury Department's Financial Crimes Enforcement Network notified businesses that fail to report or update their ...
The Tax Adviser8h
FinCEN extends BOI reporting deadline, halts enforcement
The Financial Crimes Enforcement Network said late Thursday that it will extend the current reporting deadline beyond March 21 and will develop new regulations to reduce “regulatory burden.” ...
JD Supra3h
FinCEN Announces No Penalties for BOI Reporting Failures
FinCEN announced “it will not issue any fines or penalties or take any other enforcement actions against companies based on ...
FinCEN Offers Extra Time To File After Court Reinstates Beneficial Ownership Information (BOI) Reporting Requirements
A court in the Eastern District of Texas has reinstated beneficial ownership information (BOI) reporting requirements under ...
Inside the twists and turns of a new business reporting mandate
A trio of lawyers from Venable LLP break down the history of the Corporate Transparency Act and what businesses need to know.
JD Supra3h
Corporate Transparency Act is Again on Hold
FinCEN announced “that it will not issue any fines or penalties or take any other enforcement actions against any ...
Compliance Week1d
FinCEN announces FATF watchlist update: Laos, Nepal added, Philippines removed
The Treasury Department's Financial Crimes Enforcement Network (FinCEN) announced two countries have been added to the ...
Daily Herald6d
FinCEN strikes again: Recent Corporate Transparency Act updates
On Jan. 1, 2024, the Corporate Transparency Act (CTA) took effect. Originally enacted to combat financial crimes such as ...
The FINCEN Beneficial Ownership Information Reporting Deadline Might Be Extended, But Prepare To File Now Anyway
Why it makes sense to prepare now to file the FINCEN Beneficial Ownership Inforamtion (BOI) reporting even if the deadline is ...
The National Law Review6d
CTA Reporting Restored: FinCEN Extends Filing Deadlines and Signals Revisions to Reporting Requirements After Federal Court Lifts Stay
On February 18, 2025, the U.S. District Court for the Eastern District of Texas in Smith, et al. v. U.S. Department of the ...