News & Analysis as of

Corporate Transparency Act Reporting Requirements Anti-Money Laundering

Allen Matkins

Seriously, The CTA Imposes Only "Minimal Burdens"?

Allen Matkins on

American businesses have been experiencing whiplash over the status of the Corporate Transparency Act.  In early December of last year, Judge Amos L. Mazzant's  preliminarily enjoined the CTA and its implementing...more

Allen Matkins

Department Of Treasury Letter Evidences CTA Privacy Threat

Allen Matkins on

As explained in this Alert, the Fifth Circuit Court of Appeals in an abrupt volte-face has reinstated the nationwide injunction against enforcement of the Corporate Transparency Act’s Beneficial Ownership Information...more

Rivkin Radler LLP

The Status of the Corporate Transparency Act – It’s Not Clear

Rivkin Radler LLP on

Few would argue that the federal government does not have a legitimate interest in preventing, detecting, and punishing tax fraud, money laundering, and other financial crimes. Likewise, I imagine few would disagree with the...more

PilieroMazza PLLC

Corporate Transparency Act, Part 7: Reporting Requirements Stayed (Again), Voluntary Reporting Allowed

PilieroMazza PLLC on

In the latest twist regarding the Corporate Transparency Act (CTA), the U.S. Court of Appeals for the Fifth Circuit, on December 26, 2024, vacated its own stay of the nationwide preliminary injunction that halted the...more

Ballard Spahr LLP

CTA Reporting Requirements Blocked Again

Ballard Spahr LLP on

It’s hard to keep track of the status of reporting obligations under the Corporate Transparency Act (CTA) these days, but in a second ruling during the holiday week, a court blocked the filing requirement again. ...more

Dickinson Wright

Fifth Circuit Reinstates CTA Injunction, FinCEN Still Accepting Voluntary Filings

Dickinson Wright on

In a surprising reversal, on December 26, 2024, a panel of the Fifth Circuit Court of Appeals issued an Order that vacated (effectively reversing) the same court’s order from December 23, 2024, and reinstated a lower court’s...more

Vorys, Sater, Seymour and Pease LLP

CTA UPDATE – Fifth Circuit Reinstates Nationwide Preliminary Injunction

On December 26, 2024, the Fifth Circuit Court of Appeals reinstated the nationwide preliminary injunction against enforcement of the Corporate Transparency Act (CTA) in the case of Texas Top Cop Shop, Inc., et al. v. Garland,...more

Hinshaw & Culbertson LLP

Yet Another Twist: Fifth Circuit Reinstates Nationwide Freeze on Enforcement of Corporate Transparency Act Filing Deadlines – What...

Hinshaw & Culbertson LLP on

Seventy-two hours after a motions panel of the U.S. Court of Appeals for the Fifth Circuit stayed the effect of a nationwide preliminary injunction imposed by a Texas federal district court blocking the reporting deadline for...more

DLA Piper

Fifth Circuit Vacates Stay of Corporate Transparency Act Injunction, Again Putting Deadlines on Hold

DLA Piper on

On December 26, 2024, the US Court of Appeals for the Fifth Circuit vacated the stay entered by a motions panel days earlier, which would have allowed the government to enforce the Corporate Transparency Act (CTA) while it...more

Seyfarth Shaw LLP

The Saga Continues: Fifth Circuit Court Reinstates Nationwide Injunction on CTA Pausing FinCEN’s Recently Announced Reporting...

Seyfarth Shaw LLP on

The Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury reset Corporate Transparency Act (CTA) reporting deadlines. However, on December 26, 2024, the Fifth Circuit Court of Appeals issued a...more

Pullman & Comley, LLC

Nationwide Injunction Halting Enforcement of CTA Reinstated

Pullman & Comley, LLC on

The Fifth Circuit Court of Appeals has reinstated the stay with respect to Corporate Transparency Act (CTA) compliance which means that the Financial Crimes Enforcement Network of the U.S. Department of Treasury (FinCEN) is...more

Stoel Rives LLP

Update on Corporate Transparency Act Following Latest Court Decision

Stoel Rives LLP on

As of December 26, 2024, the U.S. Court of Appeals for the Fifth Circuit vacated its prior order staying the nationwide injunction against the Corporate Transparency Act (CTA). This means that enforcement of the CTA is once...more

McGlinchey Stafford

Game On: Preliminary Injunction on Corporate Transparency Act Lifted; Filing Deadlines Extended

McGlinchey Stafford on

The United States Court of Appeals for the Fifth Circuit on December 23, 2024, issued an order lifting a prior order issued by a federal district court in the Eastern District of Texas granting a nationwide preliminary...more

Seyfarth Shaw LLP

Fifth Circuit Court Stays Nationwide Injunction on CTA Enforcement - BOI Reporting Requirements Resume

Seyfarth Shaw LLP on

On December 23, 2024, the U.S. Court of Appeals for the Fifth Circuit issued an order temporarily staying the nationwide preliminary injunction previously granted in Texas Top Cop Shop, Inc., et al. v. Garland, et al. While...more

Kerr Russell

CTA Reporting Requirements Resume: FinCEN Announces Extended Filing Deadlines

Kerr Russell on

On December 23, 2024, a three-judge panel of the U.S. Court of Appeals for the Fifth Circuit issued an order in the case of Texas Top Cop Shop, Inc., et al. v. Garland, et al. staying the nationwide preliminary injunction...more

Dickinson Wright

Fifth Circuit Reverses CTA Injunction, Deadline Extended

Dickinson Wright on

On December 23, 2024, the Fifth Circuit Court of Appeals issued an Order which granted a stay of a lower court’s nationwide injunction against enforcement of the Corporate Transparency Act (CTA or the Act). Texas Top Cop...more

Hinshaw & Culbertson LLP

Fifth Circuit Overturns Preliminary Nationwide Injunction Against Corporate Transparency Act – FinCEN Announces Extension of...

Hinshaw & Culbertson LLP on

On December 23, 2024, a panel of the U.S. Court of Appeals for the Fifth Circuit lifted the preliminary injunction recently imposed by a Texas district court that had blocked the reporting deadline for filing Beneficial...more

Procopio, Cory, Hargreaves & Savitch LLP

Corporate Transparency Act Compliance Mandate Reinstated and Filing Deadline Extended

Reporting companies are once again required to comply with the Corporate Transparency Act (CTA) beneficial ownership information (BOI) reporting requirements, although the deadline has been shifted slightly to allow those...more

Pullman & Comley, LLC

Corporate Transparency Act Enforcement Resumes with Extended Deadlines: January 1, 2025 Deadline Extended to January 13, 2025

Pullman & Comley, LLC on

On December 23, 2024, the U.S. Court of Appeals for the Fifth Circuit granted a stay of the previously issued nationwide injunction in Texas Top Cop Shop, Inc., et al. v. Garland, et al., which had the effect of reinstating...more

PilieroMazza PLLC

Corporate Transparency Act, Part 6: Reporting Requirements Back In Effect, Deadlines Looming

PilieroMazza PLLC on

On December 23, 2024, the U.S. Court of Appeals for the Fifth Circuit granted a stay on the preliminary injunction that halted enforcement of the Corporate Transparency Act (CTA), pending resolution of the government’s appeal...more

Stoel Rives LLP

Updated Reporting Deadlines Under the Corporate Transparency Act Following Recent Court Decisions

Stoel Rives LLP on

Like a game of ping pong, the enforcement of the Corporate Transparency Act (the “CTA”) has been going back and forth between several courts and just landed back on the “enforcement” side of the net. Reporting companies are...more

Rivkin Radler LLP

Corporate Transparency Act Injunction Lifted, Deadline to File Extended

Rivkin Radler LLP on

On Monday, December 23, 2024, the U.S. Fifth Circuit Court of Appeals (the “Fifth Circuit”) lifted a Texas district court’s order enjoining the Financial Crimes Enforcement Network’s (“FinCEN’s) enforcement of the Corporate...more

Fox Rothschild LLP

Federal Appeals Court Stays Nationwide Injunction of Corporate Transparency - Act #2

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An appellate panel has stayed the nationwide injunction issued by a federal judge in Texas that halted enforcement of the Corporate Transparency Act (CTA). Hours later, the U.S. Financial Crimes Enforcement Network (FinCEN)...more

Roetzel & Andress

Fifth Circuit Lifts Injunction on Corporate Transparency Act: New Reporting Deadlines Announced

Roetzel & Andress on

On December 23, 2024, the United States Court of Appeals for the Fifth Circuit issued an order granting the Department of Justice’s emergency motion for a stay pending appeal, lifting the nationwide injunction blocking the...more

Rivkin Radler LLP

Fifth Circuit Resurrects Corporate Transparency Act; New Filing Deadline 1/13/25

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On December 23, the Fifth Circuit Court of Appeals lifted the stay on the Corporate Transparency Act (CTA), reinstating its enforcement nationwide. The CTA requires certain non-exempt entities to report the identities of...more

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