Consumer AI chats and cloud drives both involve vendors—but confidentiality and privilege turn on terms, consent, and expectations, not file size. Here's the practical frame for lawyers.
FinCEN has permanently exempted U.S. companies and U.S. persons from beneficial ownership reporting and will delete what was already collected. That is real relief for millions of small businesses, and it arrived by regulation rather than by statute — which means the same authority that switched the database off can switch it back on.
An updated look at the current legal status of the Corporate Transparency Act, the dual court orders delaying enforcement, and how businesses can prepare for compliance while safeguarding privacy.
Exploring how ABA Opinion 512 may affect the use of retrieval augmented generation models and bespoke AI models trained on firm data in legal practice.
The Corporate Transparency Act and BOI reporting requirements are designed to combat money laundering and fraud. However, they also pose significant risks to individual privacy and data security. Learn more about the potential dangers and how to protect your information.