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2025 Insurathon: Pitch to win £50,000 of investment and pro bono UK legal advice
The Insurathon is a Norton Rose Fulbright event which fosters technological advancements and innovation in the insurance sector, now in its eighth year.
United States | Publication | March 2025
On February 27, 2025, FinCEN announced that no fines, penalties or any other enforcement actions will be taken based on reporting companies’ failure to file BOI reports by the current deadlines (previously extended to March 21, 2025) until a forthcoming interim final rule becomes effective.
However, on March 2, 2025, the Treasury Department went further and indicated it is unlikely to impose reporting obligations and associated penalties or fines on US citizens, domestic reporting companies or their beneficial owners even after the forthcoming interim final rule changes take effect. Instead, when the Treasury Department issues a new interim final rule, it appears reporting obligations under the CTA will only apply to foreign reporting companies, which is a concept that remains to be defined.
For more information on the zig-zagging of the previous court orders, see our prior analysis:
For more information on the reporting requirements and common pitfalls of the CTA, see:
Event
The Insurathon is a Norton Rose Fulbright event which fosters technological advancements and innovation in the insurance sector, now in its eighth year.
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