FinCEN Narrows CTA Reporting Requirements On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) issued an interim final rule to significantly narrow the applicability of the Corporate Transparency Act (CTA) reporting rule to apply solely to foreign...
In previous articles we have examined both the lead-role states are taking in regulating cybersecurity and privacy, as well as the inefficiencies and costs created by the failure of the federal government to create law that would abolish the resulting patchwork...
For many years now, Ohio has been a “no-fault” divorce state. What does that mean, in a practical sense? In order to terminate a marriage, neither spouse has to prove that one or the other is responsible or “at fault” for the demise of the marital relationship. The...
The Ohio General Assembly recently enacted HB 106, which has been signed by Governor DeWine, providing employees with the right to a written or electronic paystub. Effective April 9, 2025, employers in Ohio will be required to provide each employee with such a...
Starting July 1, 2025, the OTC Markets Group will introduce OTCID Basic Market, replacing the current Pink Current tier. The OTC believes that this change will enhance transparency and provide investors with clearer insights into the level of disclosure and engagement...
Last month, U.S. Senate Energy and Public Works Committee Chairman Shelley Moore Capito (R-WV) and U.S. Senator Mark Warner (D-VA) have reintroduced the bipartisan Rural Historic Tax Credit Preservation Act (S. 631). At a time when Congress is actively debating the...
Just as your home (vs your entire property) in Ohio is your "castle" in terms of being able to stand your ground and defend yourself/family against an intruder, the Ohio Senate in SB 56 has recently voted to amend Ohio’s recreational marijuana statute (Ohio Revised...
Background In 2023, the New York County Manhattan District Attorney’s Antiquities Trafficking Unit, or NYATU, had seized a statue in the collection of the Cleveland Museum of Art for repatriation to the Republic of Türkiye. CMA acquired the 2nd-century headless statue...
What Happened? Cleveland Municipal Court has been shut down the past two weeks as it grapples with a cyber incident. The nature and scope of this incident is not yet publicly known, but it is reasonable to suggest that the Court may have been hit with a ransomware...
On March 2, 2025, the U.S. Department of Treasury threw a new twist into the ongoing Corporate Transparency Act (CTA) enforcement saga by announcing that it will not enforce any fines or penalties against any U.S. citizens or domestic reporting companies that fail to...