The U.S. Department of the Treasury’s Financial Crimes Enforcement Network has issued a final rule permanently removing Corporate Transparency Act beneficial ownership reporting requirements for U.S. companies and U.S. persons. Effective upon publication in the Federal Register, the rule makes permanent the exemptions introduced by the March 2025 interim final rule and removes obligations for U.S. persons with FinCEN identifiers to update or correct their information. Foreign entities that qualify as reporting companies must continue to report beneficial ownership information for foreign individuals. However, they will not have to report U.S. person company applicants, while foreign pooled investment vehicles registered in the United States are exempt from reporting U.S. persons who control them. FinCEN will delete database records concerning company applicants, beneficial owners and FinCEN identifier recipients whom it reasonably believes are U.S. persons, and will update its guidance to reflect the final rule.
U.S. Department of the Treasury2026-08-11
U.S. Department of the Treasury’s Financial Crimes Enforcement Network permanently exempts U.S. companies and persons from beneficial ownership reporting and will delete prior data
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network has permanently exempted U.S. companies and persons from Corporate Transparency Act beneficial ownership reporting. FinCEN will delete previously reported information that it reasonably believes concerns U.S. persons. Foreign reporting companies must continue reporting beneficial ownership information for foreign individuals.