FinCEN Permanently Ends Beneficial Ownership Reporting Requirements for U. S. Companies, U. S. Persons

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 reporting requirements from the beneficial ownership information database. 

Among other things, the final rule adopts the exemptions set out in the interim final rule issued in March 2025, making the rollback of beneficial ownership reporting by U.S. companies permanent and exempts U.S. persons who have obtained FinCEN IDs from any obligation to update or correct the information they originally provided to FinCEN to obtain their FinCEN IDs.

Under the final rule, foreign entities that are reporting companies will still be required to report beneficial ownership information for foreign individuals. 

In addition to the final rule, FinCEN has issued Frequently Asked Questions, and will be updating guidance on FinCEN.gov to reflect the final rule.