Corporate Transparency Act Enforcement Paused; Proposed Rule Eliminates Filing Requirement for Domestic Companies
Issued in a press release, the U.S. Department of the Treasury announced a suspension in enforcement of the Corporate Transparency Act (CTA) for U.S. companies and plans to propose limiting its scope to Foreign Reporting Companies only. Attorney Peter Soukenik examines these new developments, including FinCEN’s decision to withhold penalties and the potential implications for domestic businesses. Click here to read more.
