Corporate Transparency Act, We Hardly Knew Ye: What the Interim Final Rule Means for U.S. Businesses
By Charles Alovisetti
Mar 27, 2025
The Corporate Transparency Act (CTA) has undergone significant changes with the issuance of a new Interim Final Rule (IFR) by the Financial Crimes Enforcement Network (FinCEN). These changes significantly reduced the law's scope, exempting most U.S. companies from Beneficial Ownership Information (BOI) reporting requirements. In this Insights post, we break down the key takeaways of the IFR and explain their impact on your business.