On August 11, 2026, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a final rule that permanently removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information to FinCEN under the Corporate Transparency Act. The final rule is effective on its publication in the Federal Register. FinCEN also announced that it will delete previously reported information by U.S. persons now exempt from the repo

WASHINGTON––Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, the Financial Crimes Enforcement Network (FinCEN) is issuing an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act. In that interim final rule, FinCEN revises the definition of “reporting company” in its implementing regulations to mean only those entities

On February 27, 2025 FinCEN issued an ANNOUNCEMENT that it will not issue any fines or penalties or take any other enforcement actions against any companies based on any failure to file or update beneficial ownership information (BOI) reports pursuant to the Corporate Transparency Act by the current March21, 2025 deadline. No fines or penalties will be issued, and no enforcement actions will be taken, until an interim final rule becomes effective and the new relevant due date

On December 3, 2024, the United States District Court for the Eastern District of Texas issued an order granting a nationwide preliminary injunction: (1) enjoining enforcement of the United States Treasury Department’s Corporate Transparency Act, including regulations implementing the act’s beneficial ownership information reporting requirements, and, specifically, (2) staying all deadlines, most notably the December 31, 2024 deadline, by which businesses must comply with the