FinCEN Slightly Adjusts Beneficial Ownership Reporting Deadlines After Fifth Circuit Court of Appeals Stays Texas Court’s Nationwide Injunction of the Corporate Transparency Act
By EsqSocial Corporation 27/12/24
The U.S. Court of Appeals for the Fifth Circuit (the “Fifth Circuit”) granted the federal government’s motion and stayed enforcement of a lower court’s nationwide injunction against enforcement of the Corporate Transparency Act (“CTA”). As a result, filing of beneficial ownership information (“BOI”) reports with the Financial Crimes Enforcement Network (“FinCEN”) is once again mandatory for all non-exempt reporting companies....
By: Cadwalader, Wickersham & Taft LLP