CORPORATE TRANSPARENCY ACT UPDATE: Fifth Circuit Court Stays Preliminary Injunction Blocking Enforcement of the CTA; FinCEN Issues Updated Guidance

On December 23, 2024, the U.S. Court of Appeals for the Fifth Circuit stayed the December 3, 2024 preliminary injunction that temporarily blocked enforcement of the Corporate Transparency Act (“CTA”) and its reporting rule on a nationwide basis.  As of the date of this notice, the CTA has been reinstated nationwide.   In light of…