FinCEN announced a final rule on August 11, 2026, eliminating the requirement for U.S. companies and persons to report beneficial ownership information under the Corporate Transparency Act.
What changed
The removal of the reporting requirement simplifies compliance obligations for many entities.
Compliance perspective
Entities must cease reporting beneficial ownership information and adjust compliance programs accordingly.
Key date
Effective date: August 11, 2026.
Need help keeping up with these changes?
Tell us where you operate and what licenses you hold; we'll handle the filings and renewals so changes like this do not catch you off guard.