US EditionTreasury Halts Enforcement of Business Ownership Reporting Rule
- The U.S. Treasury Department will stop enforcing a law requiring businesses to report ownership information intended to combat money laundering, effective immediately and in the future.
- Donald Trump praised the Treasury's decision, calling the rule an 'absolute disaster for small businesses nationwide.'
- The law, part of the Corporate Transparency Act, aimed to reduce the use of shell companies to hide profits by requiring businesses to disclose their owners.
125 Articles
125 Articles
The saga of the Corporate Transparency Act ends for HOAs
Corporate Transparency Act will no be enforced against HOAs Many HOA attorneys, managers and boards have been following the saga of the Corporate Transparency Act, which originally required HOAs to file “Beneficial Ownership Information” reports with the FinCEN, a subdivision of the U.S. Treasury Department. Court challenges and appeals had suspended and then reinstated the act’s deadlines so that the original Jan. 1 deadline had most recently s…
Jonesboro Sun
Stuttgart Daily LeaderMore changes for the Corporate Transparency Act
FAYETTEVILLE — The reporting requirements of the Corporate Transparency Act – the anti-money laundering and tax evasion law that has been kicked around various federal courts – will no longer be enforced, the Treasury Department said.
BOIR: Treasury Suspends CTA Enforcement
Tweet The Treasury Department is announcing today that, with respect to the Corporate Transparency Act, not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadlines, but it will further not enforce any penalties or fines against U.S. citizens or domestic reporting companies or their beneficial owners after the forthcoming rule changes take effect e…
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