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2 weeks ago | 
mondaq.com | Donald J Mosher |Kara Kuchar |Melissa Goldstein |Jessica Romano
In an article that explores how the fintech sector continues toreshape how consumers and businesses access, manage and move money,Donald Mosher, head of Schulte's Bank Regulatory Group, withpartners Kara Kuchar and Melissa Goldstein and special counselJessica Romano and Adam Barazanidiscuss the advancements inintegrative technologies and the evolving regulatory landscape.
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3 weeks ago | 
mondaq.com | Melissa Goldstein |Betty Santangelo |Michael Didiuk |Jessica Romano
Consistent with the US Department of the Treasury's ("Treasury") March 2, 2025, announcement, on March 21, 2025, Treasury's Financial Crimes Enforcement Network ("FinCEN") issued an interim final rule ("Interim Final Rule") narrowing the scope of reporting required under the Corporate Transparency Act and its implementing regulations (collectively, the "CTA")1 to exclude reporting from US entities and US persons.2 The Interim Final Rule is subject to comments but is effective immediately upon...
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1 month ago | 
mondaq.com | Melissa Goldstein |Betty Santangelo |Michael Didiuk |Jessica Romano
SR Schulte Roth & Zabel LLP More With a firm focus on private capital, Schulte Roth & Zabel comprises legal advisers and commercial problem-solvers who combine exceptional experience, industry insight, integrated intelligence and commercial creativity to help clients raise and invest assets and protect and expand their businesses.
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2 months ago | 
mondaq.com | Melissa Goldstein |Betty Santangelo |Michael Didiuk |Jessica Romano
On Feb.
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2 months ago | 
mondaq.com | Melissa Goldstein |Betty Santangelo |Michael Didiuk |Jessica Romano
On Jan. 23, 2025, the US Supreme Court granted the request bythe government for a stay of the injunction issued by the USDistrict Court for the Eastern District of Texas in Texas TopCop Shop, Inc. v. McHenry that enjoined enforcement of theCorporate Transparency Act and its implementing regulation("Reporting Rule").1 However, on Jan.
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Jan 9, 2025 | 
mondaq.com | Melissa Goldstein |Betty Santangelo |Michael Didiuk |Jessica Romano
On Dec. 26, 2024, the US Court of Appeals for the Fifth Circuitreinstated the nationwide preliminary injunction that enjoinsenforcement of the Corporate Transparency Act ("CTA") andits implementing regulation (31 C.F.R. §1010.380), includingthe filing deadlines thereunder.1 The FifthCircuit's Dec.
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Dec 6, 2024 | 
mondaq.com | Melissa Goldstein |Michael Didiuk |Betty Santangelo |Jessica Romano
On Dec. 3, 2024, Judge Amos L. Mazzant of the US District Court
for the Eastern District of Texas issued a nationwide preliminary
injunction prohibiting the government from enforcing the Corporate
Transparency Act ("CTA") and its implementing regulation
(31 C.F.R. §1010.380 ("Reporting Rule")) and
enjoining enforcement of the filing deadlines thereunder. The CTA,
which was enacted on Jan.
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Oct 24, 2024 | 
mondaq.com | Melissa Goldstein |Michael Didiuk |Betty Santangelo |Jessica Romano
The bi-partisan Corporate Transparency Act ("CTA"),
which became effective on Jan.
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Apr 24, 2024 | 
mondaq.com | Melissa Goldstein |Betty Santangelo |Michael Didiuk |Jessica Romano
On March 1, 2024, New York Governor Kathy Hochul signed into law
an amended version of the New York LLC Transparency Act
("NYLTA"),1 requiring certain limited
liability companies ("LLCs") formed or authorized to do
business in New York (each, a "NY Reporting Company") to
file a beneficial ownership information ("BOI") report
with the NY Department of State ("NY DOS").
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Apr 15, 2024 | 
mondaq.com | Michael Didiuk |Melissa Goldstein |Jessica Romano
The government's latest effort to make it harder for bad
actors to hide ill-gotten gains through shell companies or other
complicated ownership structures is poised to significantly impact
the private fund industry.
The Beneficial Ownership Information Reporting Rule,
effective this year, was adopted by the Treasury's Financial
Crimes Enforcement Network as part of Corporate Transparency Act implementation.
