FinCEN Permanently Ends Beneficial Ownership Reporting

The Financial Crimes Enforcement Network has issued a final rule permanently removing the Corporate Transparency Act's requirement that U.S. companies report beneficial ownership information. The agency will also delete the data American filers already submitted. The rule took effect Aug. 14, cementing the exemptions Treasury granted U.S. companies in March 2025. "Today's action is a victory for common sense and American small businesses," Treasury Secretary Scott Bessent said.