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U.S. Beneficial Ownership Reporting Requirements Back in Effect with Extended Deadline

21 February 2025

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Approved Changes

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United States

On 19 February 2025, the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) published an alert on its BOI webpage providing an update on beneficial ownership information (BOI) reporting requirements. The alert announces that the BOI reporting requirements are back in effect following an 18 February decision by the U.S. District Court for the Eastern District of Texas in which the Court agreed to stay its earlier order for a nationwide injunction. With this decision, FinCEN has provided an extended deadline of 21 March 2025 to file an initial, updated, and/or corrected BOI report. Where a reporting company has been...