Treasury ends enforcement of business ownership database meant to stop shell company formation
The U.S. Treasury Department says it will not enforce a Biden-era small business rule intended to curb money laundering and ...
Treasury Department Halts Enforcement of Business Ownership Disclosure Law
Before the CTA was adopted, we were the money laundering capital of the world,” Taylor English Duma partner Jonathan Wilson ...
JD Supra12h
FinCEN Temporarily Pauses Enforcement of Beneficial Ownership Reporting Requirements Under the Corporate Transparency Act
On February 27, 2025, the Financial Crimes Enforcement Network (FinCEN) announced that it will not impose fines, penalties, ...
Trump Administration Curbs Enforcement of the Corporate Transparency Act
Treasury Department said it won’t take enforcement action against Americans or American companies who fail to file ownership information under the law.
JD Supra15h
Corporate Transparency Act: New Hold on BOI Penalties and Reporting
In a bombshell release issued on Feb. 27, 2025, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) announced that ...
Treasury Department suspends enforcement of ownership information reporting for millions of businesses
The Treasury Department has halted enforcement of beneficial ownership information, or BOI, reporting for millions of ...
KRIV21h
Treasury Department halts enforcement of BOI requirements: What to know
The Treasury Department announced that it is suspending enforcement of the Beneficial Ownership Information (BOI) reporting ...
India's financial crime fighting agency says Paytm violated foreign exchange rules
India's financial crime fighting agency said on Monday its investigation revealed that payment services provider Paytm and ...