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ARTICLE · 05 MARCH 2025

CTA Filing Deadlines Delayed Yet Again

Duane Morris LLP
Duane Morris LLP
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FinCEN intends to issue an "interim" final rule no later than March 21, 2025, that extends BOI reporting deadlines.

United StatesCorporate/Commercial Law
Thomas Schmuhl
Thomas Schmuhl
Jocelyn Margolin Borowsky
Jocelyn Margolin Borowsky
Joel Ephross
Joel Ephross
Hope Krebs
Hope Krebs
Lee Potter, Jr.
Lee Potter, Jr.
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Despite its February 19, 2025, announcement of new beneficial ownership information (BOI) filing deadlines pursuant to the Corporate Transparency Act (CTA), FinCEN has reversed course yet again. On February 27, 2025, 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 BOI reports pursuant to the CTA by those new deadlines, until a forthcoming interim final rule becomes effective and the new relevant due dates in the interim final rule have passed.

FinCEN intends to issue an "interim" final rule no later than March 21, 2025, that extends BOI reporting deadlines, "recognizing the need to provide new guidance and clarity as quickly as possible, while ensuring that BOI that is highly useful to important national security, intelligence, and law enforcement activities is reported."

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