Vol. 21, No. 2, Spring 2025 – Articles
Corporate Law Update - CTA Interim Final Rule: An End to the Whiplash?
Delaware Bankers Magazine
The Corporate Transparency Act (the “CTA”)—a federal law that requires reporting of information regarding each “beneficial owner” of a “reporting company” to the Financial Crimes Enforcement Network (“FinCEN”)—has effectively been limited to only foreign persons by an interim final rule issued by FinCEN on March 21, 2025 (the “Revised Rule”). For now, the Revised Rule is cause for a sigh of relief for most owners of, and practitioners involved with, entities formed under U.S. law. The significance of the Revised Rule is best appreciated in the context of the prior vacillations of FinCEN and the courts regarding the CTA. READ MORE
