New Treasury Rule Limits LLC Information Reporting | Aviation International News

Regulations and Government

New Treasury Rule Limits LLC Information Reporting

The revision relaxes some provisions of the Corporate Transparency Act

Business jet taking off — Under new regulations from the U.S. Treasury Department, U.S. LLCs, corporations, and other entities commonly used in aircraft ownership structures are no longer subject to beneficial ownership reporting under the Corporate Transparency Act. © AdobeStock

By Curt Epstein • Business Aviation Services Editor

August 28, 2026

The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has published a final rule that clarifies—and narrows—the scope of companies required to report beneficial ownership information under the Corporate Transparency Act (CTA), which was part of the broader Anti-Money Laundering Act enacted in 2021.

The law is intended to combat money laundering and other financial crimes by reviewing financial transactions. It initially required certain limited liability companies (LLCs) and other entities to report “ultimate beneficial-owner information,” including name, date of birth, current address, and more, to FinCEN.

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