The Financial Crimes Enforcement Network (FinCEN) issued a final rule that permanently removes Corporate Transparency Act (CTA) beneficial ownership information reporting requirements for U.S. companies and persons. The rule, which took effect August 14, 2026, largely adopts the interim rule FinCEN issued in March 2025.

Under the final rule, companies created in the United States are exempt from beneficial ownership information reporting. U.S. persons are no longer required to provide this information as beneficial owners or company applicants, and U.S. persons with a FinCEN identifier do not need to update or correct information they previously submitted.

Reporting requirements now apply only to companies formed under foreign law that register to do business in the U.S. and do not otherwise qualify for an exemption. Newly registered foreign reporting companies must file within 30 calendar days after receiving notice that their U.S. registration is effective.

FinCEN plans to conduct a one-time deletion of previously submitted information that it identifies as relating to U.S. persons or domestic entities that are now exempt. Companies and individuals do not need to request deletion, and FinCEN will post a public notice when the process is complete.

For most Brewers Association members, the final rule means no CTA filing or continuing reporting action is required. Businesses with foreign entities in their ownership or organizational structures should consult their attorney or other adviser to determine whether any entity remains subject to the reporting requirements. Additional information is available on FinCEN’s beneficial ownership information website.