The Financial Crimes Enforcement Network (FinCEN) has announced an exemption for U.S. entities from reporting requirements under the Corporate Transparency Act (CTA). This interim final rule significantly alters the previous obligations, now only mandating beneficial ownership information (BOI) reporting for foreign reporting companies and non-U.S. persons. The changes have sparked discussions regarding the law's constitutionality and its implications for financial transparency. Critics argue that the Trump administration's decision to exempt domestic companies and citizens undermines protections against money laundering and financial crime, effectively allowing for anonymous shell company operations in the U.S.