The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued on March 26 an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act (CTA). This rule followed an announcement by FinCEN that it was halting enforcement of the CTA while it revised compliance requirements. Foreign entities that meet the new definition of a “reporting company” and do not qualify for an exemption from the reporting requirements must report their BOI to FinCEN under new deadlines.