On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) issued an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) under the Corporate Transparency Act (CTA). Foreign companies are still required to report their beneficial ownership information under this rule and must do so 30 days from the date of publication.
ComplianceNovember 12, 2024
On-demand webinar: Preparing for the Corporate Transparency Act
The Corporate Transparency Act (CTA) requires many U.S. entities and foreign entities registered to do business in the U.S. to file a beneficial ownership information report (BOIR) with the federal government.
Listen to this webinar to ensure you are prepared to meet BOI reporting requirements. We review the basic BOI filing requirements and discuss misconceptions about the CTA, recent guidance from the Financial Crimes Enforcement Network, and ongoing compliance.
Preparing for the Corporate Transparency Act
Expert guides:
Related Insights
-
WebinarComplianceUpdated April 01, 2025
On-demand webinar: End-to-end UCC search, filing, and management
In this webinar, learn how the UCC Hub can optimize your UCC workflow. -
ArticleComplianceMarch 25, 2025
Internal auditing excellence: Effective quality assessment
Effective quality management in internal audit is not about ticking boxes but creating a culture where quality is in every aspect of your audit work. -
ArticleComplianceFinanceMarch 13, 2025
Reasons for credit unions to consider green lending
Energy efficiency opportunities are thriving in today's market. Discover four reasons why credit unions should consider going green with their lending portfolios. -
ArticleComplianceMarch 12, 2025
Future-proofing internal audit: Tackling emerging technological disruptions
Emerging technologies are advancing at an unprecedented pace, offering transformative possibilities while exposing organizations to new risks.
