Mario De Castro

4 weeks ago | jdsupra.com | Mario De Castro |Jordan M. Halle |Charles McCarthy |Charles Mccarthy

[co-author: Nicole Bemberis]* Update – FinCEN Narrows CTA Scope: Domestic Companies Are Now Presumably Exempt From Beneficial Ownership Reporting under New Interim Rule Recent Developments in CTA Enforcement On March 21, 2025, the Financial Crimes Enforcement Network (“FinCEN”), a bureau of the U.S. Department of the Treasury, issued an interim final rule (the “Interim Rule”) under the Corporate Transparency Act (“CTA”) whereby it (i) significantly revised the statutory definition of...