author_orbitax
Orbitax

Share This Article

U.S. FinCEN Again Stays Deadline for Beneficial Ownership Reporting

30 December 2024

|

Approved Changes

|

United States

The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) has published an alert on its BOI webpage announcing that it has again stayed the deadline for submitting beneficial ownership information. Reporting companies are not currently required to file beneficial ownership information but may do so voluntarily. This is a result of an injunction issued by the U.S. District Court for the Eastern District of Texas (previous coverage). Although a panel of the U.S. Court of Appeals for the Fifth Circuit granted a stay of the injunction on 23 December, a different panel of the U.S. Court of Appeals issued an...