FinCEN Reinforces Beneficial Ownership Information Reporting for a Narrow Scope of Foreign Companies Registered to Do Business in the U.S. by Joel G. Young, JD, LLM
Posted on April 01, 2025 by Joel Young
On March 26, 2025, the Financial Crimes Enforcement Network (FinCEN) published an interim final ruling lifting a previous requirement for U.S. companies to report beneficial ownership information (BOI) under the Corporate Transparency Act (CTA). At the same time, however, the ruling reinforces a reporting requirement for a narrower scope of foreign companies. Domestic entities and […]