On August 11, 2026, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a final rule that permanently removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information to FinCEN under the Corporate Transparency Act. The final rule became effective on August 14, 2026. FinCEN also announced that it will delete previously reported information by U.S. persons—now exempt from the reporting requirements—from the beneficial ownership information database.
The final rule:
adopts the exemptions set out in the interim final rule issued in March 2025, making the rollback of beneficial ownership reporting by U.S. companies permanent;
exempts U.S. persons who have obtained FinCEN IDs from any obligation to update or correct the information they originally provided to FinCEN to obtain their FinCEN IDs;
eliminates the requirement for foreign companies to report U.S. person “company applicants” (i.e., the individuals who helped those foreign companies register to do business in the United States);
exempts foreign pooled investment vehicles registered in the United States from reporting the beneficial ownership information of a U.S person in control of the investment vehicle; and
confirms that FinCEN will delete information about any individuals—company applicants, beneficial owners, or recipients of a FinCEN ID—that FinCEN reasonably believes is a U.S. person (e.g., the information is linked to a U.S. passport or U.S. driver’s license).
Under the final rule, foreign entities that are reporting companies will still be required to report beneficial ownership information for foreign individuals.
See link below for more information.
Help safeguard your home by signing up for a Property Alert Service provided by many Clerks and Comptrollers throughout Florida. The free service alerts property and business owners of potential instances of property fraud by notifying subscribers when a deed, mortgage, or other official record is recorded in their name in their local county's official records. If you receive an alert about activity not initiated by you, this early notification can provide valuable time to stop criminals in their tracks.
Property fraud occurs when a party uses a forged deed to sell or transfer property that does not belong to them. Although a forged document might suggest property ownership has changed, your local Clerk and Comptroller's system will provide rightful owners with the opportunity to reclaim their property under the correct name.
The link below will take you to a website listing all of the counties participating in the program, including Palm Beach and Broward Counties.
https://www.flclerks.com/page/PropertyAlertServices
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