Fincen Not Issuing Fines or Penalties

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).
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 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.
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 issues new beneficial ownership information compliance date, but experts say unlikely to hold
Uncertainty continues to swirl around a requirement that small businesses and foreign entities file beneficial ownership information with the U.S. Treasury Department.
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 reporting deadlines.
JD Supra2d
Client Alert: Beneficial Ownership Information (BOI) Reporting Requirements are Back
On February 17, 2025, the U.S. District Court for the Eastern District of Texas, in Smith et al. v. U.S. Department of the ...
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 ...
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Treasury sets March 21 deadline for millions of businesses to report ownership information or risk fines of $10,000 or more
The Treasury Department set a March 21 deadline for businesses to report "beneficial ownership information" or risk ...
JD Supra4d
The Corporate Transparency Act BOI Reporting Requirements Back in Effect
Beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act (CTA) are once again back ...
Brownfield Ag News1d
Another delay for Beneficial Ownership Information filing
Attorneys following the Corporate Transparency Act say the on-again-off again deadline to file Beneficial Ownership Information reports is off again. Iqan Fadaei and Christopher Seamster represent ...
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.
Long Island Business News9d
Feds give new deadline to report LLC ownership info
After several months of ping-ponging court decisions, corporations and limited liability companies (LLCs) must file ...
JD Supra5d
The Corporate Transparency Act: Reporting Obligations Reinstated - Key Reminders Ahead of March 21 Filing Deadline
The Corporate Transparency Act (CTA) has been reinstated, and companies should proceed with preparing and filing their Beneficial ...