The Supreme Court has temporarily stayed a Texas judge's injunction against the Corporate Transparency Act's beneficial ownership reporting requirements. Despite this FinCEN has ruled that companies remain exempt from filing for the time being.
On January 23, 2025, the Supreme Court of the United States granted the federal government’s motion to stay the nationwide injunction
On January 23, 2025, the Supreme Court granted the government’s motion to stay a nationwide injunction that was issued by a Texas federal judge in
Carta has noted that Supreme Court made ruling for FinCEN to continue enforcing CTA beneficial ownership information report filing requirements.
The U.S. Supreme Court agreed to reinstate a federal anti-money laundering law at the request of the federal government while a legal challenge continues in a lower court.
Treasury had to issue a note clarifying that, despite a court victory last week, another legal challenge continued to block progress on a key corporate transparency reform.
Small businesses are still not required to register with an agency called the Financial Crimes Enforcement Network, or FinCEN — for now.
The Supreme Court has revived a requirement that owners of millions of small businesses register with an arm of the Treasury Department charged with fighting money laundering and other financial crimes.
U.S. Supreme Court stays one lower court’s injunction of the CTA, but another lower court’s order still keeps the Act in suspended animation.
The U.S. Supreme Court cleared the way on Thursday for the enforcement of an anti-money laundering federal law that requires corporate entities to disclose the identities of their real beneficial owners to the U.
The Biden administration is asking the Supreme Court to overturn a lower court injunction against the Corporate Transparency Act, which requires businesses to disclose their beneficial owners. The outcome has significant implications for banks' AML compliance burdens.
Small businesses are still not required to register with an agency called the Financial Crimes Enforcement Network ... On Thursday, the Supreme Court lifted an injunction related to a case ...