Corporate Transparency Act: Treasury Department Will Not Enforce the Act Against U.S. Citizens and Domestic Reporting Companies

March 4, 2025

CORPORATE TRANSPARENCY ACT: TREASURY DEPARTMENT WILL NOT ENFORCE THE ACT AGAINST U.S. CITIZENS AND DOMESTIC REPORTING COMPANIES On March 2, 2025, the United States Department of the Treasury issued a press release stating that it will not enforce any penalties or fines against U.S. citizens or domestic reporting companies, and will issue proposed rules to narrow the Act’s applicability to foreign…