Treasury Department halts enforcement of BOI requirements

Treasury Department halts enforcement of BOI requirements: What to know
The Treasury Department announced that it is suspending enforcement of the Beneficial Ownership Information (BOI) reporting requirements. Here's what to know.
U.S. Treasury Department Announces Changes to the BOI Reporting Requirements Under the Corporate Transparency Act
On March 2, 2025, the Department of Treasury confirmed in a press release that it will not enforce any penalties or fines associated with the
Treasury says it won’t enforce BOI fines or penalties against U.S. citizens, businesses
A news release says Treasury won’t enforce fines or penalties against U.S. citizens or domestic reporting companies or their beneficial owners. Treasury will also issue proposed rulemaking to limit beneficial ownership information reporting to foreign reporting companies only.
Trump praises Treasury Department's move to suspend enforcement of BOI requirements
President Donald Trump praised the Treasury Department on Truth Social on Sunday for announcing it was suspending enforcement of the Beneficial Ownership Information (BOI) reporting requirement for U.
What to know about Trump-endorsed Treasury's BOI reporting suspension
The Treasury Department announced on Sunday that it will suspend fines and penalties linked to "beneficial ownership information" (BOI) required of millions of businesses. Why it matters: In addition to eliminating guardrails around "illicit finance,
FinCEN extends BOI reporting deadline, halts enforcement
The Financial Crimes Enforcement Network said late Thursday that it will extend the current reporting deadline beyond March 21 and will develop new regulations to reduce “regulatory burden.”
Trump praises end of ‘outrageous and invasive’ reporting rule at Treasury
President Donald Trump is praising a rule change by his Treasury Department that ends the reporting requirement for so-called beneficial ownership information, possibly after receiving a push from Elon Musk.
Trump Praises Treasury's Move To Suspend 'Outrageous' BOI Rule Aimed At Curbing Illegal...
President Donald Trump has expressed his approval of the Treasury Department’s decision to suspend the Beneficial Ownership Information (BOI) reporting requirement, a move he believes will benefit small businesses across the nation.
Enforcement of BOI and Corporate Transparency Act suspended by Treasury Department, Trump reacts, ‘This Biden rule…’
The Treasury Department has announced that it will no longer enforce the Corporate Transparency Act or the associated BOI reporting requirements.
Accounting Today1d
BOI reporting will not be enforced
Love it or hate it, beneficial ownership information reporting is on the shelf for most small businesses — for now, at least.
The Very Weird End of Beneficial Ownership Information (BOI) Reporting
A frustrated entrepreneur’s tweet, some attention from DOGE, and a law that puzzled and worried small-business owners is on ...
JD Supra20h
Corporate Transparency Act Back in Effect: Updated BOI Compliance Deadlines - Update
As of February 18, 2025, all nationwide injunctions barring the enforcement of the Corporate Transparency Act (the “CTA”) ...
The Floridian3d
Trump Continues Pro-Small Business Approach, Guts BOI Rules
President Donald Trump’s Treasury Department recently announced that it will not enforce the Corporate Transparency Act’s ...
Compliance Week5d
FinCEN says there will be no fines, penalties for failure to report BOI before deadline
The Treasury Department's Financial Crimes Enforcement Network notified businesses that fail to report or update their ...
Treasury Declares New Ownership Reporting Law Will Apply Only To Foreign Companies
In surprise announcement, the Trump Administration says it won’t apply the beneficial ownership requirements of the ...
The Punch Newspapers1d
Jigawa urges BoI to disburse N6bn SME fund
He explained that the government initially contributed N2bn as a matching fund, which was equally matched by the BoI with ...