FinCEN Vows to Continue Legal Fight Over BOI Reporting Rules
The U.S. government stressed that it plans to continue an ongoing legal battle to enforce the beneficial ownership information reporting requirements in the Corporate Transparency Act, which a federal court paused last month under a nationwide injunction (see 2412270046 and 2412300031)
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
“The government continues to believe” that the law “is constitutional,” the Treasury Department’s Financial Crimes Enforcement Network said in a Jan. 2 update on its website. FinCEN added that it “will continue defending the law as necessary.”