On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) issued an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) under the Corporate Transparency Act (CTA). Foreign companies are still required to report their beneficial ownership information under this rule and must do so 30 days from the date of publication.

FinCEN issues interim final rule removing U.S. companies and persons from the CTA’s BOI reporting requirement

On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) announced it was issuing an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act (CTA).  The interim final rule went into effect upon publication in the Federal Register, which occurred on March 26, 2025.

Frequently asked questions about Beneficial Ownership Information reporting

Additional Beneficial Ownership Information resources
What public accounting firms and accounting professionals need to know about the Corporate Transparency Act and Beneficial Ownership Information Reporting.

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Wolters Kluwer is not a law firm and cannot provide legal advice, including providing advice as to whether any specific entity will be required to file a report. Wolters Kluwer cannot provide its own interpretation of the statute or FinCEN’s final report ruling, however many of the questions can be answered by referring to the text of the final rule, sections of which have been provided where appropriate. You can also direct questions to FinCEN. The phone number of the FinCEN Regulatory Support Section is 1-800-767-2825 and you can email them at [email protected].
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