The CTA is ON HOLD! Sort of.
Thursday evening FinCEN announced its intention not to enforce the pending March 21 reporting deadline.
As I wrote just over a week ago, the Financial Crimes Enforcement Network (“FinCEN”) issued a new March 21 reporting deadline.
In the Thursday evening announcement FinCEN wrote that “Today, FinCEN announced that it will not issue any fines or penalties or take any other enforcement actions against any companies based on any failure to file or update beneficial ownership information (BOI) reports pursuant to the Corporate Transparency Act by the current deadlines. No fines or penalties will be issued, and no enforcement actions will be taken, until a forthcoming interim final rule becomes effective and the new relevant due dates in the interim final rule have passed.”
I will keep you posted when any “interim final rule” is issued.
Remember: This is the SAME government that has nuclear weapons.
