United States of America: Financial Crimes Enforcement Network closes consultation on interim final rule modifying beneficial ownership information reporting requirements under the Corporate Transparency Act

On 27 May 2025, the public consultation closes on the Financial Crimes Enforcement Network's (FinCEN) interim final rule published in the Federal Register on 26 March 2025 (90 FR 13688). The rule amended beneficial ownership reporting requirements under the Corporate Transparency Act (31 CFR Part 1010). FinCEN will review all submitted comments as it develops the final rule. Foreign reporting companies established or registered in the United States on or after 26 March 2025 must file initial beneficial ownership reports within 30 calendar days of registration, excluding any US persons from reporting requirements. The interim rule remains in effect until FinCEN publishes final regulations.