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ARTICLE · 14 AUGUST 2026

FinCEN Finalizes Corporate Transparency Act Rollback

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On August 11, FinCEN announced a final rule permanently exempting U.S. companies and U.S. persons from beneficial ownership information (BOI) reporting requirements...

United StatesFinance and Banking
A.J. Dhaliwal
A.J. Dhaliwal
Mehul Madia
Mehul Madia
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On August 11, FinCEN announced a final rule permanently exempting U.S. companies and U.S. persons from beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act (CTA). The rule is scheduled for publication in the Federal Register on August 14, 2026, and will become effective upon publication.

The final rule adopts the exemptions first established through FinCEN’s March 2025 interim final rule and substantially narrows the CTA reporting regime. Specifically, the rule:

  • Permanently exempts domestic companies and U.S. persons. U.S.-formed entities and U.S. persons are no longer required to submit BOI reports to FinCEN.
  • Eliminates certain FinCEN ID obligations. U.S. persons who obtained FinCEN IDs are no longer required to update or correct information previously provided to obtain those identifiers.

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