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CTA Filing Requirements Reinstated With New Deadline

In a surprise hearing this week, the 5th Circuit Court of Appeals lifted the lower court’s injunction against the Corporate Transparency Act. Once again, businesses are required to file their beneficial ownership report. The agency responsible for accepting beneficial ownership reports, the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN), released guidance following the 5th Circuit Court’s decision. In […]

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Corporate Transparency Act Reporting Deadline Approaching

The Corporate Transparency Act (CTA) came into effect January 1, 2024. The CTA requires certain companies doing business in the U.S. to disclose information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). The CTA was ostensibly enacted to combat money laundering, terrorism financing, and other financial crimes. The CTA requires a filing

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