Hello

I keep getting asked what should be done if you have already registered for FinCEN. The Texas federal court put FinCEN on hold with an injunction last week. Right now, the December 31st registration deadline is on hold.

It is possible that a court will lift the injunction, so stay on the edge of your seat.

If you already registered, don’t sweat it. The information you gave them was stuff they already had, you just put in a little package for them.

There isn’t any way to “unregister” or remove your information. In fact, it isn’t possible to tell them you have killed the company and won’t be maintaining your information. In theory, you have to keep maintaining your information or you are in violation of the FinCEN regulations.

I just pray that this is one of the first regulations Trump's crew axes. It is law, so it may take an act of congress to get rid of it. It is simply the weaponization of the Treasury Department against small businesses.