Most Recent Updates

January 23rd, 2025
Enforcement of the Corporate Transparency Act remains on hold despite a recent US Supreme Court ruling in favor of the Treasury Department. On January 23rd, the Supreme Court overturned a lower court order that was blocking enforcement of the CTA. However, a separate national injunction issued by a different federal judge remains in place and continues to block the law's implementation. FinCEN.gov is still accepting the voluntary filing of BOI reports, and CAMS will facilitate the filing of BOI reports upon board instruction.

What is the Corporate Transparency Act (CTA)?

The CTA aims to enhance corporate transparency and prevent illegal activities by requiring entities to report beneficial ownership information (BOI). This ensures that law enforcement can track and curb the misuse of entities effectively.

How CAMS Can Help

CAMS offers services to assist boards with CTA/BOI filings. While the matter is unresolved, CAMS will only initiate filings upon a board's specific request. 

You can learn more about CAMS CTA services and CTA Requirements here, as well as view a list of commonly asked questions.