Treasury Delays Ownership Reporting Deadline
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Treasury DepartmentCNBC
•Business
Business & Economics
Treasury sets March 21 deadline for millions of businesses to report ownership information or risk fines of $10,000 or more

75% Informative
The Treasury Department has set a March 21 deadline for businesses to report "beneficial ownership information" or risk civil and criminal penalties.
A Texas district court struck down a nationwide injunction on enforcement of the Corporate Transparency Act .
The measure aims to prevent criminals from hiding illicit activity conducted through shell companies or opaque ownership structures.
A string of court orders had prevented the Treasury from enforcing the measure.
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