On February 27, 2025, the Financial Crimes Enforcement Network (FinCEN) issued a statement that it will not issue any penalties or fines or take any enforcement action against companies who do not file or update beneficial ownership information (BOI) under the Corporate Transparency Act (CTA) under the current rules. 

While we hope this will be our last communication on this matter, we recognize the rules are being reviewed and enforcement may return. However, the companies to which the rules will apply are also being reviewed and greater focus is being put on foreign companies rather than domestic companies. AHP will continue to update you on this ever-evolving topic.