Closing Time for the Corporate Transparency Act
By Amy E. Ebeling, Jacob A. Schraeder and Morgan H. Sweeney | Business Transactions
August 31, 2026
On August 11, 2026, the Financial Crimes Enforcement Network (FinCEN) announced a final rule that permanently terminated the Corporate Transparency Act’s (CTA) beneficial ownership reporting requirements for U.S. companies and citizens.
FinCEN also stated that it will delete all information U.S. citizens previously submitted to the beneficial ownership information database.
This development likely marks the end of the CTA’s tumultuous enforcement history.
If you have questions about this update, please contact your Ruder Ware attorney or the article authors, Amy Ebeling, Jacob Schraeder, and Morgan Sweeney.
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