FINCEN BOI Reporting Deadline Delayed: Companies Urged to Prepare Now
The U.S. House unanimously passed H.R. 736, delaying the FINCEN Beneficial Ownership Information (BOI) reporting deadline to January 1, 2026; however, companies should still gather necessary information immediately to avoid penalties for non-compliance when the deadline arrives.
FINCEN BOI Reporting Deadline Delayed: Companies Urged to Prepare Now
The U.S. House unanimously passed H.R. 736, delaying the FINCEN Beneficial Ownership Information (BOI) reporting deadline to January 1, 2026; however, companies should still gather necessary information immediately to avoid penalties for non-compliance when the deadline arrives.
Progress
32% Bias Score
Court Halts Corporate Transparency Act Enforcement, Leaving Business Owners in Limbo
A Texas court temporarily blocked enforcement of the Corporate Transparency Act's beneficial ownership reporting requirement, but the Treasury Department is appealing, leaving businesses uncertain about their filing obligations.
Court Halts Corporate Transparency Act Enforcement, Leaving Business Owners in Limbo
A Texas court temporarily blocked enforcement of the Corporate Transparency Act's beneficial ownership reporting requirement, but the Treasury Department is appealing, leaving businesses uncertain about their filing obligations.
Progress
44% Bias Score
Fifth Circuit Reinstates Corporate Transparency Act, Extends Filing Deadline
A Fifth Circuit ruling on December 23, 2024, lifted a nationwide injunction against the Corporate Transparency Act (CTA), requiring companies to submit beneficial ownership information by January 13, 2025, after FinCEN extended the deadline; this follows a lower court's injunction and subsequent app...
Fifth Circuit Reinstates Corporate Transparency Act, Extends Filing Deadline
A Fifth Circuit ruling on December 23, 2024, lifted a nationwide injunction against the Corporate Transparency Act (CTA), requiring companies to submit beneficial ownership information by January 13, 2025, after FinCEN extended the deadline; this follows a lower court's injunction and subsequent app...
Progress
40% Bias Score
Supreme Court Lifts Injunction, Reinstates Corporate Transparency Act Reporting
The U.S. Supreme Court lifted a nationwide injunction blocking the enforcement of the Corporate Transparency Act's beneficial ownership reporting requirements on January 23, 2025, allowing the Treasury Department to resume enforcement pending further appeals of the law's constitutionality.
Supreme Court Lifts Injunction, Reinstates Corporate Transparency Act Reporting
The U.S. Supreme Court lifted a nationwide injunction blocking the enforcement of the Corporate Transparency Act's beneficial ownership reporting requirements on January 23, 2025, allowing the Treasury Department to resume enforcement pending further appeals of the law's constitutionality.
Progress
36% Bias Score
Treasury Delays Deadline for Beneficial Ownership Reporting to January 2025
The U.S. Treasury delayed the deadline for millions of small businesses to file a Beneficial Ownership Information report to January 13, 2025, due to legal challenges; about 30% of the estimated 32.6 million eligible businesses had filed by December 1, 2024.
Treasury Delays Deadline for Beneficial Ownership Reporting to January 2025
The U.S. Treasury delayed the deadline for millions of small businesses to file a Beneficial Ownership Information report to January 13, 2025, due to legal challenges; about 30% of the estimated 32.6 million eligible businesses had filed by December 1, 2024.
Progress
44% Bias Score
UK Overseas Territories Resist Transparency Push
The UK's overseas territories are facing pressure to implement public beneficial ownership registers to combat financial crime, but many have been slow to comply.
UK Overseas Territories Resist Transparency Push
The UK's overseas territories are facing pressure to implement public beneficial ownership registers to combat financial crime, but many have been slow to comply.
Progress
40% Bias Score