In March 2025, FinCEN issued an interim rule temporarily exempting domestic reporting companies from filing requirements under the Corporate Transparency Act (CTA). As of now, only foreign reporting companies are required to submit beneficial ownership information.
This interim rule is not final. A public comment period is open through May 27, 2025, after which FinCEN may:
- Reinstate domestic filing requirements
- Extend the exemption
- Modify the rule in other ways
While FinCEN’s recent changes have affected how filings are submitted — including restrictions on API-based platforms — our team continues to offer hands-on support and expertise through this transition.
We continue to support clients with current obligations, voluntary compliance, and strategic guidance as the regulatory environment evolves.
We will provide updates as soon as new guidance is issued. If you have questions about your status or how to prepare for potential changes, our team is here to help.
— The FinCEN Advisors Team
