The Supreme Court has temporarily stayed a Texas judge's injunction against the Corporate Transparency Act's beneficial ownership reporting requirements. Despite this FinCEN has ruled that companies r

Yesterday, the United States Supreme Court reinstated the Corporate Transparency Act (the “CTA”) and allowed its reporting obligations to go

Enforcement of the Corporate Transparency Act, which requires millions of companies to disclose their true ownership, remains on hold despite a U.S. Supreme Court ruling in favor of the Treasury Department.

The registration is part of the Corporate Transparency Act, an anti-money laundering statue passed in 2021. Under the CTA, the owners and part-owners of an estimated 32.6 million small businesses must register personal information with FinCEN,

A Texas judge blocked the federal government from enforcing a duly enacted act of Congress at the behest of business interests fighting financial transparency efforts.