US neuters beneficial ownership reporting law

US companies, their beneficial owners and other US citizens will not face penalties for failing to file beneficial ownership information, as required under the Corporate Transparency Act (CTA), the US Treasury Department announced on 2 March.

US companies, their beneficial owners and other US citizens will not face penalties for failing to file beneficial ownership information (BOI), as required under the Corporate Transparency Act (CTA), the US Treasury Department announced on 2 March [2025]. [1]