The United States Treasury Department's Financial Crimes Enforcement Network (FinCEN) has published a final rule under which limited liability companies (LLCs) and other entities used in aircraft ownership structures are no longer required to report beneficial ownership information, effective August 14, 2026. The rule, established under the 2021 Corporate Transparency Act (CTA), sought to collect and analyse information about financial transactions to combat financial crimes. The CTA required covered entities to report beneficial ownership information, including names, dates of birth, addresses, and other identifying details.

Under the new rule, FinCEN will remove previously reported beneficial ownership information stored in the system. Foreign entities registered to conduct business in the United States will remain subject to CTA reporting requirements concerning foreign beneficial owners. The National Business Aviation Association (NBAA) had previously raised concerns about privacy and the potential exposure of information concerning business aircraft owners and ownership structures.