February 27, 2025 – The Financial Crimes Enforcement Network (FinCEN) announced that it will not impose fines, penalties, or other enforcement actions for failures to file or update beneficial ownership information (BOI) reports under the Corporate Transparency Act (CTA) by the current March 21, 2025 deadline.

This enforcement pause (penalty-free period) will remain in place until a forthcoming interim final rule takes effect and FinCEN establishes new due dates. FinCEN expects to issue this rule by March 21, 2025, providing extended ... Log in to view full article.