Addison Hutcheson

Dec 11, 2024 | jdsupra.com | Addison Hutcheson |David Weiss |Virginia Wilson

Following the decision of a federal court on December 3, 2024, enjoining enforcement of the Corporate Transparency Act (the “Act”), FinCEN announced last week that reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability for not filing under the Act.

Nov 26, 2024 | jdsupra.com | Addison Hutcheson |David Weiss |Virginia Wilson

The reporting requirements of the Corporate Transparency Act (CTA), included as part of the Anti-Money Laundering Act of 2020, went into effect on January 1, 2024, and certain deadlines of January 1, 2025, are fast approaching.