The Treasury Department announced March 2 that it will no longer enforce the Corporate Transparency Act or the associated Beneficial Ownership Information reporting requirements. Furthermore, the agency announced that, “Not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadlines, but it will further not enforce any penalties or fines against U.S. citizens or domestic reporting companies or their beneficial owners after the forthcoming rule changes take effect either.” The Treasury Department said it will further be issuing a proposed rule that will narrow the scope of the...