On February 18, 2025, the Financial Crimes Enforcement Network (FinCEN) issued updated guidance on Beneficial Ownership Information (BOI) reporting requirements, extending the compliance deadline by 30 days. This extension follows a U.S. District Court for the Eastern District of Texas ruling, which reaffirmed the Corporate Transparency Act (CTA) requirements and reinstated the mandatory reporting obligations for covered businesses. For most businesses, the new deadline to fi