FinCEN Beneficial Ownership Reporting No Longer Required For All U.S. Companies
March 24, 2025
by Craig R. Cockrell
After months of uncertainty regarding enforcement of beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act (CTA), Financial Crimes Enforcement Network (FinCEN) has issued new rules that permanently remove the BOI requirement for all U.S. companies and…
Business Owner Alert: BOI Reporting Deadline Stayed by Court Order
December 9, 2024
by Craig R. Cockrell
As discussed in a recent alert, most business entities are required under the Corporate Transparency Act to file a Beneficial Ownership Information Report with FinCEN by December 31st, 2024. However, a recent federal court order has blocked enforcement of the CTA and delayed the end-of-year…
Business Owner Alert: File BOI Report Before Year End
November 22, 2024
by Craig R. Cockrell
As you may be aware, the Corporate Transparency Act (the “CTA”) requires most private U.S. legal entities to file a Beneficial Ownership Information (“BOI”) report with the Financial Crimes Enforcement Network, or “FinCEN,” a part of the Department of Treasury. For entities formed before January 1…
FinCEN Warns Financial Institutions of Fraud Schemes Arising from Deepfake Media Using Generative Artificial Intelligence
November 13, 2024
by Anton L. Janik, Jr.
Today the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an Alert to help financial institutions identify fraud schemes relying in part on the use of deepfake media created through generative artificial intelligence (GenAI). FinCEN specifically notes seeing “an…
What Civil Remedies are Available Under the Defend Trade Secrets Act?
October 30, 2024
by Devin R. Bates
The DTSA supplements the criminal penalties of the EEA (found here)by providing a range of civil remedies for trade secret misappropriation. According to the DTSA, misappropriation includes the unauthorized use or disclosure of a trade secret without consent, when the person involved: Acquired…