FinCEN issued a final rule on August 11, 2026, permanently removing beneficial ownership information reporting requirements for US companies and US persons under the Corporate Transparency Act, with immediate effect upon Federal Register publication. The rule cements interim relief adopted in 2025, leaving only foreign entities registered to do business in the United States subject to BOI reporting, and addresses unresolved issues involving US company applicants, FinCEN identifiers, and prior data submissions. FinCEN will delete previously reported US person data from its BOI system, while foreign reporting companies must continue filing BOI for non-US beneficial owners, and financial institutions should watch for forthcoming changes to the Customer Due Diligence Rule.
This update represents a notable development in the Board sector. Organizations and founders tracking this space should evaluate potential strategic and technical implications on their operations.