Supreme Court allows small business registration rule to take effect, aimed at money laundering

Supreme Court Allows Law Requiring Small Businesses to Report Ownership Information

The U.S. Supreme Court voted 8–1 on Jan. 23 to allow the federal government to enforce an anti-money laundering law that a lower court blocked late last year. Justice Ketanji Brown Jackson dissented from the new ruling. The statute at issue, the federal Corporate Transparency Act (CTA), required millions of business entities to file information returns about their owners by Jan. 1, 2025. An estimated 33 million small businesses face fines of as …

Supreme Court Allows Law Requiring Small Businesses To Report Ownership Information - Nemos News Network

Authored by Matthew Vadum via The Epoch Times (emphasis ours), The U.S. Supreme Court voted 8–1 on Jan. 23 to allow the federal government to enforce an anti-money laundering law that a lower court blocked late last year. The U.S. Supreme Court in Washington on Jan. 15, 2025. Madalina Vasiliu/The Epoch Times Justice Ketanji Brown […]

Supreme Court's Decision Revives Controversial Corporate Transparency Act

Supreme Court's Decision Revives Controversial Corporate Transparency Act The Supreme Court has reinstated a critical requirement for millions of small businesses to register with the Treasury Department, aiming to tackle money laundering and financial fraud. This decision marks a significant step in enforcing the Corporate Transparency Act, enacted in 2021 to fight the illicit use of anonymous shell companies.The Corporate Transparency Act mand…

Supreme Court resurrects beneficial ownership information reporting requirement for small businesses

Once again, small-business owners are back on the hook to file a beneficial ownership information report after the Supreme Court lifted an injunction on the Corporate Transparency Act that has already been reversed and reinstated. On Thursday, Jan. 23, Supreme Court Justice Samuel Alito granted the federal government its application to lift a Dec. 5 Texas federal district order that blocked the Corporate Transparency Act. Effectively, that puts …

Supreme Court allows small business registration rule to take effect, aimed at money laundering

The Supreme Court has revived a requirement that owners of millions of small businesses register with an arm of the Treasury Department under an anti-money laundering law. The justices on

Supreme Court allows anti-money laundering law to take effect

The federal law requires corporate entities to disclose the identities of their real beneficial owners to the Treasury Department.