Corporate Transparency Act Update
March 28, 2025
On March 21, 2025, Financial Crimes Enforcement Network (FinCEN), of the U.S. Department of Treasury which enforces the Corporate Transparency Act (CTA) issued an interim final rule removing the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN. The final rule is anticipated to be issued and in effect this year.
