Archive: March 2025

• U.S. DEPARTMENT OF TREASURY SUSPENDS ENFORCEMENT OF CERTAIN FINES AND PENALTIES UNDER THE CTA

  March 4, 2025

  In a news release issued on March 2, the U.S. Department of Treasury announced that it will discontinue enforcement of penalties and fines under the Corporate Transparency Act’s (“CTA”) current beneficial ownership information reporting rule with respect to U.S. citizens, domestic reporting companies, and their beneficial owners. However, the reporting requirements will remain in effect […]