JD Supra1d
FINCEN Filings Terminated
Per the U.S. Treasury Department announcement below, FinCEN is now dead except for some limited foreign entity reporting.
FINCEN Calls A Much Needed Time Out For Beneficial Ownership Information Reporting While Congress Mulls Changes
The U.S. Treasury's Financial Crimes Enforcement Network (FINCEN) has paused the Beneficial Ownership Information (BOI) ...
Treasury Declares New Ownership Reporting Law Will Apply Only To Foreign Companies
In a surprise announcement, the Trump Administration says it won’t apply the beneficial ownership requirements of the ...
Treasury Department suspends enforcement of ownership information reporting for millions of businesses
The rule was enacted to “make it harder for bad actors to hide or benefit from their ill-gotten gains through shell companies ...
American Banker1d
FinCEN tightens rules for transactions near the southern border
A new order requires certain non-bank financial companies in certain ZIP codes to report transactions over $200, much lower than the previous $10,000 threshold.
Treasury Department halts enforcement of BOI requirements: What to know
The Treasury Department announced that it is suspending enforcement of the Beneficial Ownership Information (BOI) reporting ...
Compliance Week12d
Treasury announces plan to narrow CTA's scope; FinCEN says no fines, penalties for failure to report BOI
The Treasury Department's Financial Crimes Enforcement Network notified businesses that fail to report or update their ...
JD Supra1d
Corporate Transparency Act – U.S. Treasury Department Suspends Enforcement Against U.S. Citizens and Domestic Reporting Companies
The fate of the Corporate Transparency Act (CTA) has been anything but certain since the beneficial ownership information ...
Trump praises Treasury Department's move to suspend enforcement of BOI requirements
President Trump praised the Treasury Department late Sunday for its recent decision to suspend enforcement of the Beneficial ...