In the latest twist on the back-and-forth CTA battle, on January 23, 2025, the Supreme Court of the United States (SCOTUS) once again stayed

The Financial Crimes Enforcement Network (“FinCEN”) announced on Friday, January 24, 2025, that reporting companies are not currently required to

The Supreme Court has temporarily stayed a Texas judge's injunction against the Corporate Transparency Act's beneficial ownership reporting requirements. Despite this FinCEN has ruled that companies remain exempt from filing for the time being.

U.S. Supreme Court stays one lower court’s injunction of the CTA, but another lower court’s order still keeps the Act in suspended animation.

Enforcement of the Corporate Transparency Act, which requires millions of companies to disclose their true ownership, remains on hold despite a U.S. Supreme Court ruling in favor of the Treasury Department.

National Cattlemen’s Beef Association Executive Director of Government Affairs Kent Bacus reacted to the U.S. Supreme Court’s decision to lift the injunction that temporarily halted enforcement of the Corporate Transparency Act’s reporting requirements.

The Supreme Court on Thursday revived a requirement that owners of millions of small businesses register with an arm of the Treasury Department charged with fighting money laundering and other financial crimes.

The arrests primarily took place in Dallas, Irving, Arlington, Fort Worth, Garland and Collin County. Federal agents detained 84 people of “varying degrees of criminality,” according to Dexter Henson, the ICE spokesperson.

A subsequent ruling by the U.S. Court of Appeals for the Fifth Circuit overturned that injunction, which restored the requirement. Soon after, a separate panel of judges on the Fifth Circuit overturned the decision that lifted the injunction — which, once again, halted implementation of the rule.

U.S. Senator Tommy Tuberville (R-Ala.) and Congressman Warren Davidson (R-OH-08) have re-introduced the Repealing Big Brother Overreach Act in the 119th Congress in order to overturn the Corporate Tra

Business owners still do not have to file beneficial ownership information with the Treasury Department even though the government persuaded the Supreme Court to stay an injunction blocking the requirement in the Corporate Transparency Act.

The CTA is an anti-money laundering measure that requires businesses to report beneficial owners to the Financial Crimes Enforcement Network (FinCEN). According to a Jan. 2 news release, on Dec. 23, a Fifth Circuit panel lifted a Texas judge’s injunction ...