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Client Alert March 25, 2025

CTA Update: FinCEN Issues Interim Final Rule Exempting U.S. Companies and U.S. Persons, Updating Deadlines for Foreign Companies

On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) issued an interim final rule, the “New Reporting Rule,” that removes …

Publications March 25, 2025

Corporate Transparency Act Resource Center: Insights and Updates

Gibson Dunn has created this dynamic Resource Center to provide ongoing updates on and analyses of the Corporate Transparency Act, featuring client alerts, links to FinCEN resources, and developments related to pending litigation about the constitutionality and enforcement of the CTA.

Client Alert March 3, 2025

CTA Update: Department of the Treasury Announces Suspension of Enforcement of Corporate Transparency Act Against U.S. Citizens and Domestic Reporting Companies

The Department of the Treasury issued guidance announcing that it will not enforce any penalties or fines against U.S. citizens or domestic reporting companies or their beneficial owners pursuant to the Corporate Transparency Act (CTA).  This guidance also announces that when the Department of the Treasury issues a proposed rulemaking regarding the CTA in the future, the rulemaking “will narrow the scope of the rule to foreign reporting companies only.

Client Alert February 28, 2025

CTA Update: FinCEN Suspends Penalties and Announces Intention to Further Extend Deadline for Reporting Entities Beyond March 21, 2025

On February 27, 2025, the Financial Crimes Enforcement Network (FinCEN) issued guidance announcing that it will not issue fines or penalties to, or take any enforcement action against, entities that fail to file or update beneficial ownership information (BOI) reports pursuant to the Corporate Transparency Act (CTA) by the current deadline, which for most reporting entities is March 21, 2025.

Client Alert February 19, 2025

CTA Update: CTA Enforceable Again After Smith Court Stays Its Order; FinCEN Provides Extension to at Least March 21, 2025 for Reporting Entities

On February 18, 2025, the U.S. District Court for the Eastern District of Texas entered a stay of its January 7, 2025 order that had paused the “Reporting Rule” implementing the Corporate Transparency Act (CTA).  On February 19, 2025, the Financial Crimes Enforcement Network (FinCEN) issued guidance that extends the reporting deadline for all reporting companies until at least March 21, 2025.  In its guidance, FinCEN also noted that it may further modify this deadline.

Webcasts February 12, 2025

Webcast: Bank Secrecy Act / Anti-Money Laundering and Sanctions Enforcement and Compliance Update

Throughout 2024, regulatory and enforcement agencies emphasized the importance of anti-money laundering (AML) compliance and sanctions measures as a means …

Client Alert January 24, 2025

CTA Update: Supreme Court Ruling Means That Beneficial Ownership Information Reporting May Soon Resume

The U.S. Supreme Court has stayed a recent district court order that preliminarily enjoined enforcement of the Corporate Transparency Act (CTA).  While a separate district court ruling staying the effectiveness of the CTA’s beneficial ownership interest reporting rule (Reporting Rule) nationwide remains in effect, that stay could soon be lifted to conform with the Supreme Court’s decision.

Webcasts January 15, 2025

Webcast: IPO and Public Company Readiness: Regulatory Considerations for Public Companies and Their Key Stakeholders

Please join us for a briefing where we provide an in-depth legal perspective on the critical regulatory compliance issues companies must address when preparing for an Initial Public Offering (IPO) and operating as a newly public company.