Article
US Corporate Transparency Act Beneficial Ownership Reporting Permanently Curtailed
The US Financial Crimes Enforcement Network (FinCEN) has finalized significant changes to beneficial ownership reporting requirements under the Corporate Transparency Act, permanently exempting US companies and US persons from disclosure obligations. Non-US entities registered to do business in the US must still report their non-US beneficial owners, while FinCEN will delete previously reported information about US persons from its database.
Torys LLP