The Financial Crimes Enforcement Network on Monday announced it would not enforce the Corporate Transparency Act against the plaintiffs in a federal court matter pursuant to an injunction issued by the Northern District of Alabama. The federal district court ruled that the CTA was unconstitutional and enjoined FinCEN from collecting BOI from the plaintiffs, including members of the National Small Business Association, which had challenged the law. FinCEN said those individuals and entities, which include NSBA members as of March 1, do not need to report BOI to FinCEN at the present time.
G7 expert group releases cybersecurity ‘roadmap’ for post-quantum cryptography
The G7 Cyber Expert Group released a “roadmap” to help the financial sector take steps to secure computer systems from cybersecurity risks arising from quantum computing.
