A frustrated entrepreneur’s tweet, some attention from DOGE, and a law that puzzled and worried small-business owners is on hold.

The U.S. Treasury's Financial Crimes Enforcement Network (FINCEN) has paused the Beneficial Ownership Information (BOI) reporting requirement for the time being.

The Treasury will no longer enforce Corporate Transparency Act reporting rules for U.S. businesses, a move critics say weakens anti-money-laundering efforts.

The U.S. Treasury said it wouldn't impose penalties associated with Beneficial Ownership Information reporting under the current requirements for U.S. entities.

On February 27, 2025, the Financial Crimes Enforcement Network (FinCEN) announced that it will not impose fines, penalties, or other

Turns out procrastination worked out after all for the millions of businesses who held off on submitting their beneficial ownership reports.

The rule was enacted to “make it harder for bad actors to hide or benefit from their ill-gotten gains through shell companies or other opaque ownership structures,” according to FinCEN.

The rule required most small businesses to register their owners with the government, an effort to control money laundering and shell companies.

The U.S. Treasury Department announced it will not enforce a Biden-era small business rule intended to curb money laundering and shell company formation. Ticker: Stop & Shop Teamsters report labor deal;

As of last week, business owners faced a March 21 deadline to complete the report. Now, the deadline has been suspended.