North America: Government, Public Sector

The Financial Crimes Enforcement Network has issued a final rule fundamentally altering the Corporate Transparency Act's beneficial ownership reporting landscape. U.S. persons and domestic entities are now exempt from reporting requirements, while foreign entities registering to do business in the United States must continue reporting beneficial ownership information for foreign individuals. FinCEN plans to delete previously submitted beneficial ownership information from U.S. persons without requiring indi

President Trump's National Security Presidential Memorandum establishes a groundbreaking program authorizing vetted private US companies to conduct cyber surveillance and offensive operations against foreign cybercrime organizations under federal government direction. The initiative creates a National Coordination Center to oversee these operations while requiring rigorous vetting, legal compliance safeguards, and coordination across intelligence and law enforcement agencies.

A new National Space Transportation Policy aims to expand both commercial and government space transportation capabilities while strengthening the domestic industrial base. The policy directs development of critical launch and reentry infrastructure and promotes international market access for U.S. space transportation services.