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  • Elizabeth A. McMorrow

FinCEN Updates CTA / BO Penalties

FinCEN issued a final rule on January 25, 2024, to reflect annual inflation adjustments to civil monetary penalties within its jurisdiction. Two of the penalty increases relate specifically to the Corporate Transparency Act (CTA) / Beneficial Ownership Information (BOI). These items are shaded in grey.





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FinCEN Seeks Comments on BOI Access Rule

On January 29, 2024, the U.S. Financial Crimes Enforcement Network (FinCEN) announced it is seeking comments on two aspects of the Corporate Transparency Act (CTA) Access and Safeguards Rule. The CTA

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