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Post by anenro on Dec 3, 2023 2:11:10 GMT 4
FinCEN Updates Beneficial Ownership Information Guidance Materials The Financial Crimes Enforcement Network (FinCEN) has updated its Beneficial Ownership Information (BOI) Frequently Asked Questions, Small Entity Compliance Guide, quick reference materials, and informational video. These guidance materials now reflect the reporting deadline extension for companies created or registered in 2024 to file their initial BOI reports. Updated translations of these guidance materials will be forthcoming. Beginning on January 1, 2024, many companies in the United States will have to report information about their beneficial owners—the individuals who ultimately own or control the company. Companies will be able to begin reporting beneficial ownership information to FinCEN at that time. FinCEN will continue to provide guidance on how to submit beneficial ownership information. Frequently Asked Questions: www.fincen.gov/boi-faqsSmall Entity Compliance Guide: www.fincen.gov/boi/small-entity-compliance-guideFinCEN’s BOI Webpage: www.fincen.gov/boi
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