CORPORATE TRANSPARENCY ACT UPDATE: U.S. Department of Treasury Suspends Enforcement of the CTA Against U.S. Citizens and Domestic Reporting Companies
On March 2, 2025, the U.S. Department of Treasury announced that it will not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadlines, and that it will not enforce any penalties or fines against U.S. Citizens or domestic reporting companies or their beneficial owners after the…