The Financial Crimes Enforcement Network ("FinCEN") is proposing to amend the beneficial ownership information ("BOI") reporting rule (the "Reporting Rule").
The Corporate Transparency Act (CTA) will be effective on Jan. 1, 2024. For the first time, the United States now will require certain legal entities to report to the federal government.
In 2021, the U.S. enacted the Corporate Transparency Act (the “CTA”) as part of a multi‑national effort to rein in the use of entities to mask illegal activity. The CTA directs the.
In 2021, the U.S. enacted the Corporate Transparency Act (the "CTA") as part of a multi‑national effort to rein in the use of entities to mask illegal activity.
The Financial Crimes Enforcement Network (“FinCEN”) has published a new Small Entity Compliance Guide (“Guide”) for compliance with the Beneficial Ownership Information Reporting Rule.