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U.S. Supreme Court Lifts Injunction on Corporate Transparency Act Enforcement; Organizations Obligated to Make BOI Reports

The Supreme Court of the United States has stayed the nationwide injunction against enforcement of the Corporate Transparency Act (CTA), allowing the government to resume implementation of the law while litigation continues. Therefore, organizations are again required to make beneficial ownership interest reports to the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN).