On March 21, 2025, FinCEN issued an interim final rule exempting U.S. companies and individuals from reporting beneficial ownership information (BOI) under the Corporate Transparency Act.
No Penalties or Fines:
The U.S. Treasury confirmed it will not impose penalties for noncompliance with BOI reporting requirements.
Focus on Foreign Entities:
Foreign companies and their U.S. beneficial owners must still comply with BOI reporting rules.
Contact our office for more information.
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