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1 month ago | 
natlawreview.com | Jonathan Harrington |Leah Campbell |Eric Troutman |Seth Ashby
On March 11, 2025, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued a Geographic Targeting Order (GTO) aimed at disrupting drug trafficking and money laundering along the southwestern border. The GTO significantly lowers the Currency Transaction Reports (CTR) threshold from $10,000 to $200 for money service businesses (MSBs) operating in 30 zip codes across California and Texas.
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Dec 4, 2024 | 
natlawreview.com | Seth Ashby
On December 3, 2024, a Texas-based federal court issued a sweeping order prohibiting the federal government from enforcing the Corporate Transparency Act (CTA) anywhere in the country. Texas Top Cop Shop, Inc., et al. v. Garland, et al., Case No. 4:24-cv-478 (E.D. Tex.).
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Oct 23, 2024 | 
natlawreview.com | Seth Ashby
Skip to main content October 23, 2024 Volume XIV, Number 297 Legal Analysis. Expertly Written. Quickly Found.
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Aug 21, 2024 | 
natlawreview.com | Seth Ashby
On August 20, 2024, the United States District Court for the Northern District of Texas permanently blocked the Federal Trade Commission’s (FTC) ban on non-compete agreements on a nationwide basis. While the preliminary injunction the court issued last month signaled that it was likely to block the rule, the relief initially had only applied to the named plaintiffs in the lawsuit.
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Jul 8, 2024 | 
natlawreview.com | Seth Ashby
A federal district court in Texas has issued a preliminary injunction preventing the Federal Trade Commission (FTC) from enforcing its rule banning most non-compete agreements against a Texas-based tax firm and a group of business associations. The court’s preliminary injunction does not prevent the FTC from enforcing the rule against other U.S. companies. Thus, for now, the FTC rule banning most non-compete agreements is still scheduled to take effect on September 4, 2024.
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Apr 26, 2024 | 
natlawreview.com | Seth Ashby
On April 23, 2024, following a 90-day public comment period generating more than 26,000 comments, the Federal Trade Commission (FTC) voted to adopt a final rule banning non-compete agreements for most workers in the United States. The final rule, set to take effect 120 days from the date it is published in the Federal Register, will have broad implications on businesses and an estimated 30 million U.S. employees and independent contractors alike.
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Apr 23, 2024 | 
natlawreview.com | Seth Ashby
Skip to main content April 23, 2024 Volume XIV, Number 114 Legal Analysis. Expertly Written. Quickly Found. Trending News New FTC Rule Bans Most Non-Compete Agreements Print Mail Download i In a major development, the Federal Trade Commission (FTC) voted today, April 23, 2024, to implement a new rule that will ban non-compete agreements for most American workers.
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Mar 4, 2024 | 
natlawreview.com | Seth Ashby
On March 1, 2024, the federal judge presiding over the lone case testing the validity of the Corporate Transparency Act (CTA) struck down the CTA as unconstitutional. As we have explained, through the CTA, Congress imposed mandatory reporting obligations on certain companies operating in the United States, in an effort to enhance corporate transparency and combat financial crime.
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Jan 23, 2024 | 
natlawreview.com | Seth Ashby
On January 1, 2024, the beneficial ownership information reporting rule (BOI Rule) issued under the Corporate Transparency Act (CTA) came into effect, ushering in new reporting requirements for companies formed in the U.S. or registered to do business in the U.S. (collectively, reporting companies). The CTA and BOI Rule require the collection and disclosure of information identifying the individuals who beneficially own or exercise substantial control over reporting companies.
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Jan 8, 2024 | 
natlawreview.com | Seth Ashby
Skip to main content January 08, 2024 Volume XIV, Number 8 Legal Analysis. Expertly Written. Quickly Found. Trending News Corporate Transparency Act: Beneficial Ownership Challenges for Business Startups Print Mail Download i For newly formed businesses (Startups), the first few years of operations are integral to the company’s success.
