Beneficial Ownership Information (BOI) Reporting is once again enforceable. Following a lifted injunction, FinCEN

The U.S. Treasury's Financial Crimes Enforcement Network (FINCEN) has paused the Beneficial Ownership Information (BOI) reporting requirement for the time being.

A frustrated entrepreneur’s tweet, some attention from DOGE, and a law that puzzled and worried small-business owners is on hold.

The U.S. Treasury Department says it will not enforce a Biden-era small business rule intended to curb money laundering and shell company formation.

The rule, which was held up in court for the last few months, would require foreign and domestic companies to disclose their true owners.

After more than a year of not knowing where beneficial ownership information rules stand, small businesses are now off the hook … for good?

The Treasury will no longer enforce Corporate Transparency Act reporting rules for U.S. businesses, a move critics say weakens anti-money-laundering efforts.

The Biden-era small-business rule is aimed at curbing money laundering and formation of shell companies. The rule had been mired in litigation as business leaders cited privacy and security concerns.

The U.S. Treasury said it wouldn't impose penalties associated with Beneficial Ownership Information reporting under the current requirements for U.S. entities.

Turns out procrastination worked out after all for the millions of businesses who held off on submitting their beneficial ownership reports.