Client Alert – Corporate Transparency Act : BOI Reporting Relief Is Now Permanent for U.S. Companies and Persons
On August 11, 2026, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) permanently removed the beneficial ownership information (“BOI”) reporting requirements for U.S. companies and U.S. persons under the Corporate Transparency Act (“CTA”). The final rule adopts the interim final rule (“IFR”) that FinCEN issued on March 26, 2025, which narrowed BOI reporting requirements and adds two new exemptions.