Dec. 31: The US Department of Justice has requested the U.S. Supreme Court to allow enforcement of the Corporate Transparency Act pending appeal.

Bloomberg Law reported on December 31 that “The US Department of Justice asked the US Supreme Court to halt a nationwide injunction against the Corporate Transparency Act, a move that would allow enforcement of the anti-money laundering law during an appeal.”  (Quinn Wilson, “US Asks Supreme Court to Unblock Corporate Transparency Act“, Bloomberg Law, December 31, 2024, 7:23 PM EST).

The DOJ’s application is available on the Supreme Court’s website.

In light of the DOJ’s application, directors and managers of legal entities that have not yet filed a Beneficial Owner Report with FinCEN should make arrangements to make a filing on short notice in the event that the Supreme Court issues an adverse ruling. Clients should refer to our revised update.

More resources can be found on our page: Corporate Transparency Act.