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 dates in the interim final rule have passed. The announcement also states that FinCEN intends to issue an interim final rule no later than March 21, 2025 which will set forth the BOI reporting deadlines.
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