Contributors: Jeffery Heftman, Christain Manalli
Corporate Transparency Act Update: Beneficial Ownership Information Reporting Removed for U.S. Companies and U.S. Persons
Financial Crimes Enforcement Network (FinCEN) has issued an interim final rule that removes the requirement for U.S. Companies and U.S. persons to report the Beneficial Ownership Information (BOI) required under the Corporate Transparency Act (CTA).