Mon Mar 03 07:10:00 UTC 2025: **FinCEN Delays Enforcement of Corporate Transparency Act, Extends Deadlines**

**Washington, D.C.** – The Financial Crimes Enforcement Network (FinCEN) announced today that it will not penalize companies for failing to meet the current deadlines for filing beneficial ownership information (BOI) reports under the Corporate Transparency Act. The original deadline for most companies was March 21, 2025.

FinCEN cited its intention to issue a new interim final rule by March 21, 2025, which will extend these deadlines. The agency plans to use this time to consider further revisions to the BOI reporting requirements, aiming to reduce burdens on small businesses while maintaining the usefulness of the data for national security and law enforcement.

While companies are still free to submit their BOI reports before the current deadline, FinCEN suggests waiting until closer to the new, extended deadlines, which will be specified in the forthcoming interim final rule. No fines or enforcement actions will be taken until after the new deadlines outlined in the interim final rule have passed. The announcement provides relief to businesses facing the previous March 21, 2025, deadline.

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