by admin | Apr 3, 2025 | FinCEN
Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, the Financial Crimes Enforcement Network (“FinCEN”), as of March 21, 2025, has issued an interim final rule that removes the requirement for U.S. companies and U.S. persons to...
by admin | Feb 20, 2025 | Compliance, FinCEN
Although a preliminary injunction had previously paused requirements under the Corporate Transparency Act (the “CTA”), a February 18, 2025 decision by the United States District Court for the Eastern District of Texas has reinstated the requirement for...
by admin | Dec 30, 2024 | Compliance, FinCEN
Dear Client, As of December 26, 2024, the United States Court of Appeals for the Fifth Circuit (the “Court”) has reinstated a nationwide preliminary injunction preventing the federal government from enforcing the beneficial ownership reporting requirements imposed by...
by admin | Dec 24, 2024 | Compliance, FinCEN
FinCEN Beneficial Ownership Reporting Requirements Reinstated: Key Deadlines for Reporting Companies Although a preliminary injunction had temporarily paused requirements under the Corporate Transparency Act (the “CTA”), a December 23, 2024 decision by the United...
by admin | Dec 5, 2024 | FinCEN
Nationwide Preliminary Injunction Halts Corporate Transparency Act (“CTA”) Reporting Requirements for Private Funds and Their Advisers As of December 4, 2024, the U.S. District Court for the Eastern District of Texas (the “Court”) has issued a nationwide preliminary...
by admin | Sep 17, 2024 | FinCEN, Investment Advisers
I. Overview On August 28, 2024, the Financial Crimes Enforcement Network (“FinCEN”) issued a new Final Rule (the “AML Rule”) imposing anti-money laundering (“AML”) obligations on certain investment advisers who are either registered with the Securities and Exchange...
