March Update – Corporate Transparency Act (CTA)
There has been an important update regarding Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act. In line with the Treasury Department’s March 2, 2025, announcement, the Financial Crimes Enforcement Network (FinCEN) has published an interim final rule that does away with requirements for U.S. companies and U.S. persons to report BOI. As part of this interim final rule, FinCEN modified its definition of … Read more