FinCEN, BOI

FinCEN says there will be no fines, penalties for failure to report BOI before deadline
The Treasury Department's Financial Crimes Enforcement Network notified businesses that fail to report or update their beneficial ownership information before the agency's March 21 deadline will not face fines or penalties.
FinCEN Resets the Corporate Transparent Act’s BOI Deadline to March 21
Due to the February 17, 2025, decision by the U.S. District Court for the Eastern District of Texas in Smith, et al. v. U.S. Department of
FinCEN extends BOI reporting deadline, halts enforcement
The Financial Crimes Enforcement Network said late Thursday that it will extend the current reporting deadline beyond March 21 and will develop new regulations to reduce “regulatory burden.”
FinCEN Not Issuing Fines or Penalties in Connection with Beneficial Ownership Information Reporting Deadlines for Now
FinCEN announced that it will not issue any fines or penalties or take any other enforcement actions against any companies based on any failure to file or update beneficial ownership information (BOI) reports pursuant to the Corporate Transparency Act by the current deadlines.
Who Needs to File a BOI Report and What to Know About the Deadlines
After a short reprieve from the requirement to file a beneficial ownership information report (BOIR) with the federal government, most businesses are again mandated to comply with the reporting obligations under the Corporate Transparency Act (CTA).
I quit my 9-to-5 in crypto and started an e-commerce business that made $1.3 million in sales last year. I work 24/7 because I love it.
Yong-Soo Chung quit his 9-to-5 at crypto startup to build his own online business, which now makes over $1 million a year. He ...
FinCEN Offers Extra Time To File After Court Reinstates Beneficial Ownership Information (BOI) Reporting Requirements
A court in the Eastern District of Texas has reinstated beneficial ownership information (BOI) reporting requirements under ...
The National Law Review2d
FinCEN Again Delays CTA Reporting Deadlines and Suspends Enforcement
On February 27, 2025, the U.S. Financial Crimes Enforcement Network (FinCEN) announced that it intends to issue an interim final rule by March 21, 2025, with extended beneficial ownership information ...
Inside the twists and turns of a new business reporting mandate
A trio of lawyers from Venable LLP break down the history of the Corporate Transparency Act and what businesses need to know.
JD Supra4d
CTA Whiplash Continues – FinCEN Announces Compliance is Mandatory but Extends Deadline – RMG
Beneficial Ownership Information (“BOI”) reporting under the Corporate Transparency Act (the “CTA”) is once again mandatory.
Daily Herald8d
FinCEN strikes again: Recent Corporate Transparency Act updates
On Jan. 1, 2024, the Corporate Transparency Act (CTA) took effect. Originally enacted to combat financial crimes such as ...
Business owners: Have you heard of filing with FinCEN?
Business owners are now required to file beneficial ownership information (BOI) under the Financial Crimes Enforcement ...
Compliance Week3d
FinCEN announces FATF watchlist update: Laos, Nepal added, Philippines removed
The Treasury Department's Financial Crimes Enforcement Network (FinCEN) announced two countries have been added to the ...