Carta has noted that Supreme Court made ruling for FinCEN to continue enforcing CTA beneficial ownership information report ...

On January 1, 2024, the Corporate Transparency Act (the “Act”) went into effect. The Act requires all non-exempt corporations, limited liability companies, and partnerships created or registered to do ...

Discusses the willfully requirement for the filing of FINCEN Beneficial Ownership Information Reports (BOIR) under the ...

Jaunary 23, the US Supreme Court (SCOTUS) issued a highly anticipated decision with respect to the reporting requirements and ...

On January 23, 2025, the U.S. Supreme Court lifted an injunction that had blocked enforcement of the CTA and its regulations, as originally issued ...

Over the four years that FinCEN has had to implement has declined to address many issues that have troubled those attempting to comply with the CTA—or, when addressing the issues, it has provided ...

Matt Gaetz in Florida’s 1st Congressional District, plans to file legislation in Congress to dismantle the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) if elected. Patronis ...

The attorneys representing FinCEN said the government is likely to succeed in defending the constitutionality of the law and that the district court’s injunction was “vastly overbroad ...

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and the future of the BOIR requirements may become clearer. As of December 28, 2024, small-business owners are not required to submit a beneficial ownership information report. The Financial Crimes ...

Under the federal Corporate Transparency Act, certain businesses would have to submit Beneficial Ownership Information Reports (BOIR) to the Financial Crimes Enforcement Network (FinCEN ...

certain businesses would have to submit Beneficial Ownership Information Reports (BOIR) to the Financial Crimes Enforcement Network (FinCEN) by January 1, 2025. The report would've required ...