U.S. Department of the Treasury Announces Publication of Interim Final Rule Removing Reporting Requirements for U.S. Companies and U.S. Persons

WASHINGTON –– The Treasury Department announces today the formal publication of the Financial Crimes Enforcement Network (FinCEN) interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act and narrows the scope of the rule to foreign reporting companies. This publication in the Federal Register follows FinCEN’s announcement on March 21, 2025, that it is issuing this interim final rule. The interim final rule is effective immediately. FinCEN is accepting comments and intends to finalize the rule this year.“It is important to rein in burdensome regulations to the benefit of hard-working American taxpayers and small businesses,” said U.S.