JD Supra8h
Beneficial Ownership Reporting – To File or Not to File?
Considering conflicting rulings, businesses remain understandably confused about whether to file their mandated Beneficial ...
Transparency International1y
Beneficial ownership secrecy
Complex and opaque corporate structures set up across different jurisdictions make it easy to hide the beneficial owner, especially when nominees are used in their place and part of the structure is ...
Land Line2d
Bipartisan bill seeks to delay beneficial ownership information reporting deadline
While federal courts are making beneficial ownership information as confusing as possible, a new bill may add some ...
Fearmongering The Civil And Criminal Penalties Of Beneficial Ownership Information Reporting
Discusses the willfully requirement for the filing of FINCEN Beneficial Ownership Information Reports (BOIR) under the ...
Land Line7d
Beneficial ownership information reporting requirements remain voluntary only, despite Supreme Court ruling
A recent Supreme Court order dealing with the Corporate Transparency Act caused mass confusion. Is BOI reporting required or ...
JD Supra3d
Another Twist in the Corporate Transparency Act Saga: FinCEN Announces That Ownership Information Reporting Is Not Currently Required
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced in an alert posted on its website on January 24, ...
Forbes8mon
The Corporate Transparency Act: Estate Planning, Succession Planning, And Trust Administration
Trust administrators must diligently keep beneficial owner information ... maintained and accurately reflect the actual ownership and control structure of trusts. To ensure compliance and ...
American Banker1mon
Fincen beneficial ownership reporting deadlines reinstated, extended
The Financial Crimes Enforcement Network Monday reinstated and extended the deadline for U.S. legal entities to file beneficial ownership information to the body after an appeals court lifted a ...
NBC Chicago1mon
Treasury small business ownership rule on hold as court eyes constitutionality
Small businesses had been required to report "beneficial ownership information" to the Treasury Department by Jan. 13, 2025, or risk financial penalties. The 5th U.S. Circuit Court of Appeals ...