On March 2, 2025, the U.S. Department of Treasury announced a suspension of enforcement of the Corporate Transparency Act (“CTA”). The Treasury Department will not enforce any penalties or fines associated with the beneficial interest reporting rule under existing regulatory deadlines nor will it enforce any penalties or fines against U.S. citizens or domestic reporting […]
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The Corporate Transparency Act (“CTA”) is a federal law that was enacted in 2021 and took effect on January 1, 2024. Under the CTA, certain businesses must report the beneficial owners of the company to the U.S. Department of the Treasury’s Financial Crime Enforcement Network (“FinCEN”). This blog post is intended to alert you to […]
