FinCEN Beneficial Ownership Info (BOI) Reporting Requirements in Plain English

Reported by Gregory Fryer Most private companies in the United States will soon need to disclose sensitive ownership and control information to FinCEN, a bureau of the U.S. Treasury Department. The new reporting regime arises under the Corporate Transparency Act (CTA), enacted on January 1, 2021 to strengthen existing anti-money laundering statutes. Rulemaking under the […]