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On March 2, 2025, newly appointed Secretary of the Treasury, Scott Bessent, stated that the CTA will no longer apply to U.S. citizens or domestic companies. Instead, an emergency rule is being drafted to limit the law’s scope to foreign companies only.
This marks a significant change in CTA compliance. If you missed our previous updates, we encourage you to review them for additional context. You can also read the official Treasury Department press release here: Treasury Department Announcement.
We will continue monitoring developments and share updates as they unfold. If you have any questions, please contact our team.
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