Trump’s Latest Corporate Transparency Act Move Ignites Questions

The Treasury Department’s announcement that it won’t enforce the Corporate Transparency Act against US citizens or domestic reporting companies offers major relief to filing holdouts while at the same time raises concerns about fulfilling the law’s goals of combating transnational financial crime.

The agency’s Sunday evening statement previewed a forthcoming policy change to end enforcement against domestic companies altogether, in favor of focusing solely on foreign businesses. It follows last week’s announcement that it won’t impose fines under the CTA for US companies that miss the March 21 deadline, which has been extended by several court injunctions over the past ...