In a release dated March 21, 2025, FinCEN announced an Interim Final Rule that significantly narrows the scope of the Corporate Transparency Act (the “CTA”). The Interim Final Rule goes into effect immediately when published...more
In a release dated March 2, 2025, the Treasury Department has indicated that all enforcement of the Corporate Transparency Act (the “CTA”) against United States citizens and domestic reporting companies will be suspended,...more
The Corporate Transparency Act (the “CTA”) is back in effect as the last injunction restraining its enforcement was stayed on February 18, 2025. For most companies, the reporting deadline will be March 21, 2025, unless the...more
Corporate Transparency Act (CTA) news in January and December 2024 has been plentiful. Here is the running recap of significant December and January events...more
Corporate Transparency Act (CTA) news in December 2024 has been plentiful. Here is the running recap of significant December events...more
12/30/2024
/ Appeals ,
Compliance ,
Corporate Transparency Act ,
Filing Deadlines ,
Filing Requirements ,
FinCEN ,
Injunctions ,
Preliminary Injunctions ,
Reporting Requirements ,
Stays ,
Time Extensions
December has been an eventful month for Corporate Transparency Act (CTA) compliance. A quick recap of significant December events...more
12/27/2024
/ Appeals ,
Beneficial Owner ,
Business Entities ,
Compliance ,
Corporate Transparency Act ,
Filing Deadlines ,
Filing Requirements ,
FinCEN ,
Preliminary Injunctions ,
Reporting Requirements ,
Stays ,
Time Extensions
The Corporate Transparency Act (CTA) has been reinstated by the United States Court of Appeals for the Fifth Circuit, lifting the preliminary injunction in the Texas Top Cop Shop case....more
On December 3, 2024, Judge Amos L. Mazzant of the United States District Court for the Eastern District of Texas, Sherman Division issued a nationwide, preliminary injunction against the enforcement of the Corporate...more
On March 1, 2024, the United States District Court for the Northern District of Alabama, Northeastern Division granted summary judgment in favor of the plaintiffs, finding that the Corporate Transparency Act (the “CTA”),...more
The purpose of this memo is to provide our clients with an overview of the Corporate Transparency Act (CTA) and steps necessary to take to be compliant with the CTA.
The CTA was enacted into law on January 1, 2021 as part...more
1/2/2024
/ Anti-Corruption ,
Anti-Money Laundering ,
Beneficial Owner ,
Corporate Transparency Act ,
Customer Due Diligence (CDD) ,
Effective Date ,
Filing Deadlines ,
Final Rules ,
Financial Crimes ,
FinCEN ,
Information Requests ,
Ownership Interest ,
Regulatory Requirements ,
Reporting Requirements
On September 28, 2023, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a proposed rule to extend the period to report beneficial ownership under the Corporate Transparency Act (the...more
The attorneys at Williams Mullen have prepared a Corporate Transparency Act (Act or CTA) Exemption Checklist to help “legal entities,” including any domestic or foreign corporation, limited liability company, limited...more
As many will be aware, the Corporate Transparency Act (CTA) goes into effect on January 1, 2024. For those that are not yet familiar with the CTA, get ready. It was enacted into law on January 1, 2021 as part of the...more
As previously reported, on September 30, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued the final rule to implement the beneficial ownership reporting requirements of the Corporate...more
On September 30, 2022, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued the final rule to implement the beneficial ownership reporting requirements of the Corporate...more