Treasury Suspends Enforcement of Corporate Transparency Act’s Beneficial Ownership Interest Rule – What This Means for Businesses

On March 2, 2025, the U.S. Department of the Treasury announced it is suspending enforcement of the Corporate Transparency Act’s (CTA) Beneficial Ownership Interest (BOI) rule for U.S. citizens and domestic reporting companies. This move, backed by the Trump Administration, is intended to prevent what officials describe as potential misuse of the rule against American […]