FinCEN Eliminates Beneficial Ownership Reporting for U.S. Companies, Adjusts Deadlines for Foreign Entities
March 2025 – Major Regulatory Shift In a landmark regulatory update, the Financial Crimes Enforcement Network (FinCEN) has issued an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI). This decision follows the U.S. Department of the Treasury’s March 2, 2025, announcement and marks a…
Details