On August 14, 2026, the Financial Crimes Enforcement Network (FinCEN) published a final rule (2026-16576) on the beneficial ownership information (BOI) reporting that significantly narrows the reporting requirements under FinCEN’s regulations implementing the Corporate Transparency Act (CTA).
The final rule adopts the exemptions set forth in the interim final rule issued in March 2025, permanently removing the requirement for U.S. companies and U.S. persons to report or update BOI to FinCEN. It also removes the requirement for foreign companies to report U.S. person “company applicants,” those who helped the foreign companies register to do business in the United States.
As part of the final rule, the FinCEN also will delete previously reported information by U.S. persons — now exempt from the reporting requirements — from the BOI database. FinCEN also published a FAQ on the BOI final rule.
If you have any questions related to BOI reporting and this latest development, Selden Fox can help. For additional information call 630.954.1400 or click here to contact us.
