In an earlier post, we reported on the Corporate Transparency Act (CTA). The CTA requires that certain companies file a Beneficial Ownership Information report with the Financial Crimes Enforcement Network (“FinCEN”). See, https://spelusolawoffice.com/wp-admin/post.php?post=2126&action=edit. On March 1, 2024, the U.S. District Court of the Northern District of Alabama ruled that the CTA is unconstitutional and enjoined FinCEN from implementing the CTA. […]
On March 13th, the European Parliament approved the Artificial Intelligence Act (the “Act”). It aims to protect fundamental rights, democracy, the rule of law and environmental sustainability from high-risk Artificial Intelligence (AI), while at the same time boosting innovation and establishing Europe as a leader in the field of AI. The Act establishes obligations for AI that are based on […]
Enacted in 2021, the Corporate Transparency Act (CTA) is meant to enhance transparency in corporate entity structure and ownership with a goal of combating money laundering, tax fraud and similar illicit financial activities. The Financial Crimes Enforcement Network (FinCEN) is a bureau within the United States Department of the Treasury. FinCEN serves as a government-wide multisource financial intelligence and analysis network and […]
The Copyright Office has issued a series of interim rules setting forth the procedures for registering secure tests. The rules were modified in 2020 to accommodate the unique challenges faced by the Office during the COVID-19 pandemic. In June 2023, the Office released post-pandemic interim rules a copy of which can be found here: https://spelusolawoffice.com/wp-content/uploads/2023/10/circ64.pdf.