If an injunction is lifted, FinCEN will extend BOI filing deadlines for 30 days and reassess the types of companies required to file beneficial ownership information reports, the government said in ...

A bill that could offer a reprieve for businesses seeking certainty on beneficial ownership information (BOI) reporting ...

The Financial Crimes Enforcement Network list includes inflation-adjusted amounts for the civil monetary penalties for violating beneficial ownership information reporting rules.

Starting last January, the U.S. Department of Treasury’s Financial Crimes Enforcement Network has opened a portal for ...

Starting last January, the U.S. Department of Treasury’s Financial Crimes Enforcement Network has opened a portal for businesses to file their beneficial ownership information reports (BOI).

However, there have been twists and turns to it in the last few weeks. Ultimately, as of January 24, 2025, the BOI report is still not required, despite a Supreme Court ruling. Originally ...

Earlier this year, the Supreme Court granted the government's application for a stay of a Texas ruling in the Fifth Circuit that had blocked the beneficial ownership interest (BOI) reporting ...

What is it? Do we need to become compliant? When is the deadline? The BOI (Beneficial Ownership Information) report has caused a lot of confusion for business owners, and understandably so.

Key Update: There is no current reporting obligation to file “beneficial ownership information” or a BOI Report. This update reflects the latest ruling by the US Court of Appeals for the 5th ...

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There are a lot of moving parts. We're advising our clients to be ready to file the BOI Report at a moment's notice." Kevin Granahan, practice management partner at law firm Fox Rothschild, agreed.