CTA/BOI Held Unconstitutional
On March 1, 2024, a U.S. federal district court held in a 53 page opinion the “Corporate Transparency Act is unconstitutional because it...
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Elizabeth A. McMorrow
Jan 31
FinCEN Seeks Comments on BOI Access Rule
On January 29, 2024, the U.S. Financial Crimes Enforcement Network (FinCEN) announced it is seeking comments on two aspects of the...
Elizabeth A. McMorrow
Jan 30
FinCEN Updates CTA / BO Penalties
FinCEN issued a final rule on January 25, 2024, to reflect annual inflation adjustments to civil monetary penalties within its...
Elizabeth A. McMorrow
Dec 4, 2023
CTA Update: BOI 90-Day Registration
On November 29, 2023, the Financial Crimes Enforcement Network (FinCEN) issued a final rule extending the deadline for certain reporting...
Elizabeth A. McMorrow
Nov 12, 2023
FinCEN Issued Final CTA Identifiers Rule
On November 7, 2023, the Financial Crimes Enforcement Network (FinCEN) issued a final rule specifying the circumstances under which an...
Elizabeth A. McMorrow
Sep 29, 2023
FinCEN Trio of CTA (BO) Updates
The U.S. Financial Crimes Enforcement Network (FinCEN) issued three notices this week regarding the U.S. Corporate Transparency Act...
Elizabeth A. McMorrow
Jul 13, 2023
New Director at FinCEN
The U.S. Financial Crimes Enforcement Network (FinCEN) announced Andrea Gacki as the new director on July 13, 2023. FinCEN is the part of...
Elizabeth A. McMorrow
Apr 28, 2023
FinCEN Discusses Updates to CTA / BO Registry
On April 27, 2023, the Acting Director of the Financial Crimes Enforcement Network (FinCEN) provided the U.S. House of Representatives...
Elizabeth A. McMorrow
Dec 27, 2022
FinCEN Published Proposed Beneficial Owner Information Access Rule
On December 16, 2022, the Financial Crimes Enforcement Network (FinCEN) published in the Federal Register the preliminary rules to...
Elizabeth A. McMorrow
Sep 29, 2022
FinCEN Announces Beneficial Ownership Reporting Deadlines
On September 29, 2022, the Financial Crimes Enforcement Network (FinCEN) issued a final rule establishing a beneficial ownership...
Elizabeth A. McMorrow
Apr 28, 2022
FinCEN Acting Director Provides CTA Update
On April 28, 2022, the Acting Director of the Financial Crimes Enforcement Network (FinCEN) provided the U.S. House of Representatives...
Elizabeth A. McMorrow
Jan 30, 2022
Are You Preparing for the New U.S. Beneficial Owner Registry?
The U.S. Corporate Transparency Act (“CTA”) was enacted on January 1, 2021. On December 8, 2021, the Financial Crimes Enforcement Network...
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