BOI injunction reinstated again today??

Question

Someone just emailed us and said the BOI injunction was reinstated again today by the 5th circuit.

I did not want to simply rely on one source so I figured there are people here that would be up-to-date if such a manner was so as well.

Jason Malabute · Answer

They seem to keep going back and forth on this issue. My suggestion is to simply file the BOI requirement. It only takes a few minutes to comply, and this way, you don’t have to worry about any decision they finalize on later. Better safe than sorry!

Sean Graham · Answer

It would save everyone a lot of hassle, no doubt

Michael Plaks · Answer

Yes, on hold again as of 12/26, and you can always check the official government site itself:https://fincen.gov/boi

Account Closed · Answer

BOI just keeps on flip-flopping!

Michael Plaks · Answer

If you're looking for MY permission to abolish FinCEN - you got it  ;)

Joe S. · Answer

You made some very good points. Fincen is trying to promote that if someone doesn’t want to file then they must be hiding something . This reminds me of a police officer  pulling somebody over without reasonable cause and asking to search their vehicle and if the person does not consent, they’re saying you must have something to hide.

Henry Clark · Answer

@Michael Plaks

Thanks for Fincen official link.  No reporting required at this time.

If they want to stop money laundering and funding terrorism they can control the border.  Or US govt giving money to Iran.

It took me 13 months to open a bank account in Belize.   Each time I wire funds down to Belize the recipient has to go to the bank and sign why they are getting the funds.  This is to meet the U.S. govt requirements.

Mexicos second largest revenue source are wired funds from the U.S. by individuals.  BOI reporting won’t impact that.  Worried about tax evasion, money laundering or funding terrorist groups and Cartels.

They can install more control features in $20 and $100 bills like other countries.  Then have a 6 month period to convert all old currency $20 and $100 to new currency.

Point is the above comments there are many other more effective ways to meet the FINCEN stated objectives for tax evasion, money laundering and terrorism.

John Underwood · Answer

Days ago but yes.

You can Google it and find plenty of articles on it.

Leslie L Meneus · Answer

@Jason Malabute 👍

BOI injunction reinstated again today??

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