Long Island Business News · 15h
Business filing rules on hold as courts weigh Corporate Transparency Act
Off-again, on-again requirements for businesses to report ownership information to federal regulators are now off again, while provisions of the anti-money laundering U.S. Corporate Transparency Act (CTA) work their way through lawsuits and appellate courts.
The Gazette · 12d
Money & the Law: Fight over Corporate Transparency Act mired in courts
But then (serve/volley/serve/volley), on Dec. 31, the government filed a petition with the U.S. Supreme Court asking that court to agree to take up the case if the 5th Circuit rules against it and holds that the injunction stopping enforcement of the CTA is valid.
American Banker · 7d
Supreme Court mulls future of the Corporate Transparency Act
The Biden administration is asking the Supreme Court to overturn a lower court injunction against the Corporate Transparency Act, which requires businesses to disclose their beneficial owners. The outcome has significant implications for banks' AML compliance burdens.
Business Insider · 10d
NCLA Amicus Brief Asks Supreme Court to Keep Unlawful Corporate Transparency Act Enjoined
Today, the New Civil Liberties Alliance filed an amicus curiae brief in Garland v. Texas Top Cop Shop, urging the U.S. Supreme Court to reject the government’s request to stay a preliminary injunction against enforcement of the unconstitutional Corporate Transparency Act (CTA).
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