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 ...

In light of the decision, reporting companies are required to submit beneficial ownership information to Fincen, but the Treasury Department has extended the filing deadlines. Companies created or ...

Update: On January 24, FinCEN published updated reporting guidance in which it announced that reporting companies are not ...

Most recently, the Fifth Circuit held that covered entities are not required to submit beneficial ownership information (“BOI”) reports to FinCEN—though they may do so on a voluntary basis.

As of Dec. 30, the Financial Crimes Enforcement Network (or FinCEN) has been prohibited from enforcing Beneficial Ownership Information reporting requirements under the Corporate Transparency Act ...

Even the single-member LLCs, which are “disregarded” for income tax purposes, must file reports with FinCEN under the CTA. The term “ownership” itself is not as straightforward or simple ...