JD Supra

Domestic BOI Reporting Requirements Ended; Foreign Companies Must Still Report

On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) issued an interim final rule removing the requirement for U.S. companies and U.S. persons to report beneficial ownership ...
JD Supra

Reporting Requirements Under the CTA: What Businesses Need to Know

The Corporate Transparency Act (the “CTA”) marks a significant shift in the U.S. corporate regulatory landscape. Aimed at curbing illicit financial activities, the CTA requires many companies to ...
Forbes

FINCEN Calls A Much Needed Time Out For Beneficial Ownership Information Reporting While Congress Mulls Changes

The U.S. Congress started the BOI problem and now needs to fix it. We last visited FINCEN's Beneficial Ownership Information (BOI) reporting requirements in my article, The FINCEN Beneficial Ownership ...
Law

New Reporting Requirements in the Cybersecurity and Critical Infrastructure Sectors

"Lawyers should anticipate advising public and private clients regarding more reporting and auditing obligations," write Day Pitney's Naju R. Lathia and Potoula P. Tournas. As lawyers, we frequently ...
JournalofAccountancy

BOI requirements roll along despite concerns about too little outreach

The Financial Crimes Enforcement Network (FinCEN) has amped up its outreach efforts to update businesses on the requirements for beneficial ownership information (BOI), which requires reports from ...