On February 27, 2025, the Financial Crimes Enforcement Network (FinCEN) announced that it will not impose fines, penalties, ...

Below is a statement from the Financial Crimes Enforcement Network (FinCEN) released February 27, 2025 stating it will not take any enforcement ...

After more than a year of not knowing where beneficial ownership information rules stand, small businesses are now off the ...

Donald Trump is celebrating his administration’s move to ignore a law that targeted money laundering.

The deadline for companies to submit beneficial ownership information has been extended. The NBAA is encouraging member ...

Businesses must file beneficial ownership details by March 21. Tracy Fickett explains what motorcoach companies need to do to ...

Trump blasted the rule as an "absolute disaster" for small businesses and said the Treasury is also finalizing a new regulation to suspend it.

Small-business owners should now expect an interim rule that would, once again, extend the reporting deadlines as part of the process to craft new guidance. The Financial Crimes Enforcement Network, ...

The Treasury Department has halted enforcement of beneficial ownership information, or BOI, reporting for millions of ...

As of last week, business owners faced a March 21 deadline to complete the report. Now, the deadline has been suspended.

A news release says Treasury won’t enforce fines or penalties against U.S. citizens or domestic reporting companies or their beneficial owners. Treasury will also issue proposed rulemaking to limit ...

The U.S. Treasury Department says it will not enforce a Biden-era small business rule intended to curb money laundering and ...