US businesses are dealing with uncertainty as a federal appeals court decision earlier this week reinstated deadlines to comply with the Corporate Transparency Act and shortly after a federal agency pushed back the date by two weeks.
The US Court of Appeals for the Fifth Circuit on Dec. 23 lifted an injunction that blocked the nationwide enforcement of the CTA—an anti-money laundering law that requires US entities that existed before 2024 to disclose who owns and controls their businesses by Jan. 1, 2025. The panel found that the federal government “has made a strong showing that it is likely to ...
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