
The U.S. Treasury Department has suspended enforcement of the Corporate Transparency Act (CTA), affecting domestic reporting companies and U.S. citizens. This decision has raised concerns among advocacy groups such as Global Financial Integrity, which argue that it undermines efforts to combat financial crime and corruption. The suspension was confirmed through multiple announcements, with the Treasury shifting its focus towards foreign entities. The Fifth Circuit Court is also reviewing a challenge against the CTA, seeking supplemental briefing on how the suspension impacts the case. The implications of this suspension may lead to new rules regarding financial transparency in the future.







The Fifth Circuit asked for supplemental briefing in a challenge against the Corporate Transparency Act, asking whether the case is affected by the U.S. Treasury Department's recent decision to suspend enforcement of reporting rules for domestic companies. https://t.co/14iYbeK1KT https://t.co/l2ZFrRdLuE
Should You Consider a Voluntary Self-Disclosure for a Tariff Violation? https://t.co/gKMVK4PuJd | by @BakerHostetler
Opinion: Fox Rothschild’s Brian Bernhardt examines a new IRS tactic for revealing income, saying it should give companies incentive to disclose foreign accounts and assets. https://t.co/c5FHbVtH7l