Reported by FACT Coalition (Summarized version featured below) The article from the FACT Coalition titled “Treasury Reopens the Floodgates to Dirty Money in the U.S.” highlights several critical concerns regarding the Treasury Department’s recent decision to cease enforcing penalties under the Corporate Transparency Act (CTA): 1. Undermining Anti-Money Laundering Efforts: The Treasury’s decision contradicts over […]

Reported by FinCEN FinCEN announced that it will not issue any fines or penalties or take any other enforcement actions against any companies based on any failure to file or update beneficial ownership information (BOI) reports pursuant to the Corporate Transparency Act by the current deadlines. No fines or penalties will be issued, and no […]