Jeffrey LaBine

1 month ago | jdsupra.com | Jeffrey Richardson |Joseph D. Gustavus |Jeffrey LaBine |Scott Lesser

On March 2, 2025, the United States Department of Treasury announced that it will not enforce fines or penalties based on the existing deadlines for reporting beneficial ownership information under the CTA beneficial ownership reporting rule.[1] This follows earlier guidance issued by FinCEN.[2] Treasury further announced that it will be engaging in proposed rule-making to limit the CTA reporting rule to foreign reporting companies, noting that even after the new rules are in effect, it will...