During his annual State of the State address on Sunday, February 2nd, Texas Governor Greg Abbott revealed plans to establish the Texas Cyber Command, which will be based in San Antonio. This new command will develop a strategy to tackle the state’s cyber security issues. Gov. Abbott emphasized the urgency of addressing these concerns due to the rising number of cyber attacks across the country and the significance of Texas infrastructure to the national and global economies.
Corporate Transparency Act Update: Reporting under the CTA is still paused due to a second nationwide injunction. FinCEN clarifies that it cannot currently enforce BOI reporting, making filing of BOI reports voluntary at this time.
On Friday, January 24, 2025, the Financial Crimes Enforcement Network (“FinCEN”) issued the following Alert regarding the current state of filing requirements under the CTA: In light of a recent federal court order, reporting companies are not currently required to...
