Reported by Reuters

A federal judge in Texas on Tuesday lifted an order that blocked the enforcement of an anti-money laundering law that forces millions of business entities to disclose the identities of their real beneficial owners to the Treasury Department.

U.S. District Judge Jeremy Kernodle in Tyler, Texas, put on hold an order he issued halting the Corporate Transparency Act’s enforcement after Republican President Donald Trump’s administration vowed to reevaluate regulations implementing the law “to alleviate the burden on low-risk entities.”

Tuesday’s decision will allow the law to be enforced while the U.S. Department of Justice appeals his earlier ruling declaring the law unconstitutional.

Read full report: https://kfgo.com/2025/02/18/texas-judge-clears-way-for-anti-money-laundering-laws-enforcement/