News

JD Supra4h
FinCEN Interim Final Rule Signals End of Domestic Entities’ CTA Reporting Obligations
After almost 18 months of uncertainty and confusion with respect to the implementation and enforcement of the Corporate Transparency Act (CTA), ...
A new Trump administration rule aims to combat money laundering. A California woman says it will put her out of business.
A San Diego small business owner sued the Trump administration on Tuesday over a new financial reporting requirement, arguing ...
JD Supra2d
Out with a Whimper: FinCEN Issues Interim Final Rule on Corporate Transparency Act, Narrows BOI Reporting Requirements
On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) announced an interim final rule, which was officially published in the ...
Accounting Today23d
Treasury publishes rule narrowing BOI reporting
In the interim final rule, FinCEN revised the definition of "reporting company ... Foreign entities that meet the new definition of a "reporting company" and don't qualify for an exemption from the ...
Accounting Today25d
FinCEN rule would end BOI reporting for US companies
In the interim final rule, FinCEN revised the definition of "reporting company ... Foreign entities that meet the new definition of a "reporting company" and don't qualify for an exemption from the ...
The National Law Review25d
FinCEN Removes Beneficial Ownership Reporting Requirements for U.S. Companies and U.S. Persons, Sets New Deadlines for Foreign Companies
We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation ...
Forbes25d
All That For Nothing? FinCEN Exempts U.S. Businesses From CTA Reporting
By January 2024, FinCEN’s final rule went into effect ... $3.3 billion annually thereafter for new companies, and $2.3 billion annually for report updates. By exempting domestic entities ...
New rule on data collection takes effect in 7 San Diego ZIP codes, sparking lawsuit
A new federal order has taken effect in parts of San Diego County, requiring money services businesses to file detailed reports on any transaction over $200, dramatically lowering the threshold to ...
Courthouse News Service2d
Border businesses cry foul over dragnet-like money transfer rules
The Financial Crimes Enforcement Network says the rule was enacted to uncover evidence of money laundering and other ...
JournalofAccountancy22d
BOI reporting changes don’t affect CTA’s constitutionality, filing says
Under the new rule, the filing deadline for foreign entities ... The AICPA and state CPA societies wrote numerous letters to Congress and FinCEN urging a delay in the BOI reporting deadline. The AICPA ...
Overdrive25d
U.S.-based small businesses exempt from ownership-reporting requirements
In that interim final rule, FinCEN is revising the definition ... Foreign entities that meet the new definition of a “reporting company” and do not qualify for an exemption from the reporting ...