What You Need to Know About the Recalibrated Corporate Transparency Act

On March 21, 2025, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued an interim final rule that:

• removed the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act
• revised the definition of "reporting company" to mean only those entities that are formed under foreign law and have registered to do business in any U.S. state or Tribal jurisdiction
• excluded BOI reporting of U.S. person beneficial owners of foreign reporting companies
• imposed new BOI reporting deadlines for foreign reporting companies
• requested comments on this new interim final rule

Please join us for an informative session that will delve into these latest developments and their impact. There will be ample opportunity for questions.

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