Data / Federal rules / 2025-05199
Beneficial Ownership Information Reporting Requirement Revision and Deadline Extension
The Financial Crimes Enforcement Network published this final rule in the Federal Register on March 26, 2025. It took effect on March 26, 2025. Comments closed on May 27, 2025.
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What the agency says
FinCEN is adopting this interim final rule to narrow the existing beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act (CTA) to require only entities previously defined as "foreign reporting companies" to report BOI. Under this interim final rule, entities previously defined as "domestic reporting companies" are exempted from the reporting requirements and do not have to report BOI to FinCEN, or update or correct BOI previously reported to FinCEN. With limited exceptions, the interim final rule does not change the existing requirement for foreign reporting companies to file BOI reports, but it extends the deadline to file initial BOI reports, and to update or correct previously filed BOI reports, to 30 days from the date of this publication to give foreign reporting companies additional time to comply. However, the interim final rule exempts foreign reporting companies from having to report the BOI of any U.S. persons who are beneficial owners of the foreign reporting company and exempts U.S. persons from having to provide such information to any foreign reporting company for which they are a beneficial owner. FinCEN is accepting comments on this interim final rule. FinCEN will assess the exemptions, as appropriate, in light of those comments and intends to issue a final rule this year.
Key facts
- Document number
- 2025-05199
- Type
- Final rule
- Action
- Interim final rule; request for comments
- Agency
- Treasury Department; Financial Crimes Enforcement Network
- Published
- March 26, 2025
- Takes effect
- March 26, 2025
- Comments due
- May 27, 2025
- Dates
- This rule is effective March 26, 2025. Written comments must be received on or before May 27, 2025.
- Regulation ID (RIN)
- 1506-AB49
- Code of Federal Regulations
- 31 CFR 1010
- Topics
- Administrative practice and procedure; Aliens; Authority delegations (Government agencies); Banks, banking; Brokers; Business and industry; Citizenship and naturalization; Commodity futures; Crime; Currency; Electronic filing; Fiduciaries; Foreign banking; Foreign currencies; Gambling; Holding companies; Indians; Indians-law; Indians-tribal government; Insurance companies; Investigations; Investment companies; Law enforcement; Penalties; Reporting and recordkeeping requirements; Savings associations; Securities; Small businesses; Terrorism; Time
- Significant
- Yes, under Executive Order 12866
- Pages
- 10
Other documents from the Financial Crimes Enforcement Network
Everything from the Financial Crimes Enforcement Network · Rules on administrative practice and procedure · Rules on aliens · Rules on authority delegations (government agencies) · Published in March 2025
Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.