What to Consider Before Starting a Business Aircraft Operation

A recent interim final rule significantly narrows the scope of the Corporate Transparency Act, which was enacted on Jan. 1, 2021, to enhance financial transparency and strengthen anti-money laundering efforts.

The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) recently announced that entities subject to the Corporate Transparency Act (CTA) must comply with filing requirements by March 21, 2025.

NBAA commented on changes the Transportation Security Agency intends to implement to its Twelve-Five Standard Security Program for public charter flights operating under 14 CFR Part 380 and FAR Part 135.