In a notice and request for comment Jan. 17 in the Federal Register, FinCEN said it assumes that 59% of reporting companies will have a simple structure — one beneficial owner who also is the company ...

ACE advises: The report is called a Beneficial Ownership Information Report, and if it applies to you, you will need to file it with the Financial Crimes Enforcement Network. It must be filed ...

In a drive to improve the chance to exit the greylist in early 2025, the media statement set a deadline for filing the beneficial ownership registers with the Master by November 15, 2024.

However, if there is some complexity in a company’s management or ownership structure or uncertainty about determinations of beneficial ownership or substantial control, an attorney can help you avoid ...

It appears that FINCEN's Beneficial Ownership Information ("BOI") reporting deadline will be moved to January 1, 2026, at least for companies that were required to file for 2024.

The Treasury's Financial Crimes Enforcement Network launched its new database identifying U.S. business owners pursuant to the 2021 Corporate Transparency Act Monday, giving existing companies one ...

For companies created or registered before January 1, 2024, the deadline to file initial beneficial ownership reports has been extended to January 13, 2025. Originally, these companies were ...

For banks, regulators, and corporate clients alike, the ability to verify the identity of a business entity and its ultimate beneficial owners (UBOs) is critical, not just for compliance with Anti ...

The Financial Crimes Enforcement Network Monday reinstated and extended the deadline for U.S. legal entities to file beneficial ownership information to the body after an appeals court lifted a ...