It was about 5:30 p.m. PT last Friday, March 21, 2025, and I was about to sign off from my computer after a long week and turn my attention to college basketball, when I received an email from FinCEN. The message was that FinCEN had issued an interim final rule relative to the Corporate Transparency Act (“CTA”).
I am embarrassed to admit that my curiosity got the best of me. Rather than jump into a weekend of exciting college basketball, I chose to read the 36-page interim final rule (the “IFR”). Yes, I am a bit consumed with the saga of the CTA. However, thanks to my cable provider, my DVR had been busy all day recording the games. So, after scouring the IFR, I was able to enjoy a late night of college hoops.