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 Originally enacted to combat financial crimes such as money laundering, terrorist financing, and tax evasion, the CTA requires
The Corporate Transparency Act Is Back On
The implementation of the Corporate Transparency Act, which requires millions of companies to disclose their true ownership to the government, is back on after a federal judge in Texas reversed an injunction he issued last month.
Corporate Transparency Act Update: CTA Back in Effect
The Corporate Transparency Act (the “CTA”) is back in effect as the last injunction restraining its enforcement was stayed on February 18, 2025.
Dead Stop for the Corporate Transparency Act: Part 2
Part two of Anthony Sabino’s two-part series analyzing Texas Top Cop Shop, Inc. v. Garland holding the Corporate Transparency Act unconstitutional and prohibiting its enforcement nationwide.
Client Alert- Corporate Transparency Act Is Back in Effect – Another Major Update
As has now been well reported, in 2021 Congress enacted the Corporate Transparency Act (the “CTA”), which empowers the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) to collect information about “Beneficial Owners” of certain privately held entities for the purpose of deterring illicit activities through the operation of shell corporations and LLCs.
Corporate Transparency Act now in effect for small businesses, deadline looms
"It does not take intelligence to throw money around and buy a company or buy a politician," Seth Abramson writes The post ...
JD Supra1d
Corporate Transparency Act Revived After Last Remaining Nationwide Preliminary Injunction is Lifted - Reporting Deadlines Extended
On February 18, 2025, the U.S. Federal District Court for the Eastern District of Texas lifted the last remaining nationwide ...
Treasury sets March 21 deadline for millions of businesses to report ownership information or risk fines of $10,000 or more
The Treasury Department set a March 21 deadline to report "beneficial ownership information" after a Texas court lifted a ...
Central Penn Business Journal1d
Corporate Transparency Act injunction overturned – What that means for businesses
A recent court ruling has lifted the injunction on the enforcement of the Corporate Transparency Act, which means that most ...
The National Law Review1d
Corporate Transparency Act Back in Effect with March 21 Deadline
For most reporting companies, [1] the deadline to file a new, updated, or corrected BOI report is now March 21, 2025. However, FinCEN’s notice states that the agency will use the 30-day period before ...
Accounting Today3d
Court lifts injunction on Corporate Transparency Act
A federal district court in Texas has stayed an injunction that had prevented enforcement of the Corporate Transparency Act ...
Corporate Transparency Act Upheld by Maine Federal Court, Following String of Defeats for New Law
U.S. District Judge Stacey Neumann is the first to uphold the law, which is being fiercely contested in courts across the ...
Mother Jones4d
Will Donald Trump Make Money Laundering Great Again?
But President Donald Trump’s return to power has cast doubt on the future of the most monumental anti-kleptocracy reform push ...