
Created: Friday, January 24, 2025
Beneficial Ownership Reporting – One Injunction Lifted, One Injunction Remains
On January 23, 2025,the Supreme Court lifted one of the two injunctions on beneficial ownership information reporting requirements. The Financial Crime Enforcement Network (FinCEN) subsequently released an official statement on January 24, 2025 clarifying that due to the second injunction remaining in place, enforcement remains on hold and penalties cannot be assessed for not filing.