FINCEN, BOI reporting and Beneficial Ownership

FINCEN Calls A Much Needed Time Out For Beneficial Ownership Information Reporting While Congress Mulls Changes
The U.S. Treasury's Financial Crimes Enforcement Network (FINCEN) has paused the Beneficial Ownership Information (BOI) reporting requirement for the time being.
Trump Calls Beneficial Ownership Reporting a ‘Disaster’ for Small Businesses as Treasury Kills Enforcement
Turns out procrastination worked out after all for the millions of businesses who held off on submitting their beneficial ownership reports.
FinCEN pauses beneficial ownership reporting enforcement: New rule and deadlines coming March 21
FinCEN announced its plans to issue an interim final rule that will extend the current beneficial ownership information
Treasury ends enforcement of business ownership database meant to stop shell company formation
The U.S. Treasury Department says it will not enforce a Biden-era small business rule intended to curb money laundering and shell company formation.
Treasury halts beneficial owner reporting for U.S. entities
The Treasury will no longer enforce Corporate Transparency Act reporting rules for U.S. businesses, a move critics say weakens anti-money-laundering efforts.
Treasury ends enforcement of business ownership database
The Biden-era small-business rule is aimed at curbing money laundering and formation of shell companies. The rule had been mired in litigation as business leaders cited privacy and security concerns.
Treasury halts business ownership information reporting
The U.S. Department of the Treasury is ending penalties for domestic companies stemming from a failure to provide ownership information.
Treasury Department suspends enforcement of ownership information reporting for millions of businesses
The rule was enacted to “make it harder for bad actors to hide or benefit from their ill-gotten gains through shell companies or other opaque ownership structures,” according to FinCEN.
Trump administration ends enforcement of small business ownership database
The rule required most small businesses to register their owners with the government, an effort to control money laundering and shell companies.
Treasury Department Will Not Enforce BOI Requirements for U.S. Small Businesses. Here's What to Know.
As of last week, business owners faced a March 21 deadline to complete the report. Now, the deadline has been suspended.
Treasury Declares New Ownership Reporting Law Will Apply Only To Foreign Companies
In surprise announcement, the Trump Administration says it won’t apply the beneficial ownership requirements of the ...
The Very Weird End of Beneficial Ownership Information (BOI) Reporting
The estimated cost of compliance is $8000 per business. And a single tweet ended it. How government stopped it's invasive look into business.
Accounting Today1h
BOI reporting will not be enforced
Love it or hate it, beneficial ownership information reporting is on the shelf for most small businesses — for now, at least.
Bisnow7h
Treasury Suspends Rule Aimed At Curbing Money Laundering Through Shell Companies
Former Treasury Secretary Janet Yellen and other officials previously estimated the regulatory burden would cost about $85 ...
Four Things Businesses Should Know About The Corporate Transparency Act
If you’re a business owner, the question of whether or not you are required to file a beneficial ownership information report ...
JD Supra9h
U.S. Treasury Department Announces Suspension of BOI Reporting Penalties for U.S. Parties
On February 19, 2025, the Financial Crimes Enforcement Network (“FinCEN”) announced that most reporting companies under the ...
Trump praises end of ‘outrageous and invasive’ reporting rule at Treasury
Trump blasted the rule as an "absolute disaster" for small businesses and said the Treasury is also finalizing a new regulation to suspend it.
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Trump Celebrates Destroying Anti-Money Laundering Law
Donald Trump is celebrating his administration’s move to ignore a law that targeted money laundering. On Sunday, the Treasury Department announced that it would stop enforcing “any penalties or fines ...