Welcome to the award-winning FCPA Compliance Report, the longest-running podcast in compliance. In this episode, Tom welcomes back Corporate Transparency Act expert and maven Jonathan Wilson for a look at judicial insights and recent developments in the Corporate Transparency Act (CTA) litigation.
Tom and Jonathan discuss the recent developments, including a preliminary injunction by Judge Kernodle in the Smith v. Treasury case and its implications on CTA enforcement. Important differences between this injunction and previous ones, such as the Texas Top Cop Shop case, are highlighted. Wilson offers insights into the constitutional debates, particularly regarding the Commerce Clause, and reviews key decisions from federal district courts, including the persuasive Boyle decision from the District of Maine. They also touch on upcoming appeals and the potential impacts on the CTA’s nationwide enforcement.
Key highlights:
Current Status of the Corporate Transparency Act
Judge Kernodle’s Injunction and Legal Arguments
Supreme Court’s Involvement and Implications
Analysis of the Boyle Decision
Procedural Updates and Future Outlook
Resources:
Jonathan Wilson on LinkedIn
FinCEN Report
Tom Fox
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