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FINCEN Filings Back on Hold

Posted by James W. Creenan | Dec 30, 2024 | 0 Comments

FINCEN acknowledged the filing deadlines have been put on hold, again, at least for now.  

"On December 26, 2024, however, a different panel of the U.S. Court of Appeals for the Fifth Circuit issued an order vacating the Court's December 23, 2024 order granting a stay of the preliminary injunction. Accordingly, as of December 26, 2024, the injunction issued by the district court in Texas Top Cop Shop, Inc. v. Garland is in effect and reporting companies are not currently required to file beneficial ownership information with FinCEN."   On its website, FINCEN noted: 

"In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports."   FINCEN link to BOI Page

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James W. Creenan

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