FinCEN adopts final rule under Corporate Transparency Act finalzing exemption benefiting only U.S. domestic entities and U.S. individuals
The United States Financial Crimes Enforcement Network (FinCEN) adopted a Final Rule (effective August 14, 2026) exempting U.S. and tribal formed entities and U.S. individuals from reporting beneficial ownership information (BOI) to FinCEN. The Final Rule continues the temporary exemption for U.S. formed entities and U.S. individuals created by FinCEN under the Interim Final Rule of March 26, 2025. Accordingly, U.S. companies and U.S. persons are exempt from BOI reporting requirements. However, foreign companies […]