FinCEN Narrows Scope of Corporate Transparency Act
On March 26, 2025, the Financial Crimes Enforcement Network’s (“FinCEN”) interim final rule (the “Interim Rule”) exempting domestic entities and U.S. persons from reporting beneficial ownership information (“BOI”) under the Corporate Transparency Act (the “CTA”) was published in the Federal Register. Summary of Changes U.S. companies and U.S. persons are no longer required to report BOI to FinCEN. Only foreign companies registered to do business in the U.S. are now…

