FinCEN Interim Rule Released

On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) issued an interim final rule amending the Beneficial Ownership Information Reporting Rule. Under the recommended interim rule, U.S. companies and persons required to report beneficial ownership information to FinCEN in accordance with the Corporate Transparency Act would be removed, and only foreign entities and companies would be required to report. FinCEN is seeking comments over the next 60 days from stakeholders regarding the final rule. NAR is still reviewing the rule, and will continue to provide updates. 

For more information regarding the beneficial ownership information rule, please visit www.fincen.gov/boi.