Business owners are now required to file beneficial ownership information (BOI) under the Financial Crimes Enforcement Network (FinCEN) or face fines and/or jail time. Owners have until March 21 ...

The Financial Crimes Enforcement Network (FinCEN) will require money services businesses (MSBs) near the U.S.-Mexico border to report smaller cash transactions to the government, lowering the ...

FinCEN, which enforces BOI requirements under the Corporate Transparency Act (CTA), P.L. 116-283, said it would extend the filing deadline for initial, updated, and/or corrected BOI reports to March ...

The CTA mandates that certain U.S. entities disclose ownership details to FinCEN to enhance transparency and prevent financial crimes. While BOI reporting was temporarily halted due to legal ...

That’s the new deadline just issued by the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury. The reporting requirements were mandated by the ...

“FinCEN also intends to initiate a process this year to revise the BOI reporting rule to reduce burden for lower-risk entities, including many U.S. small businesses,” the regulator wrote in ...

NOW, IF YOU OWN 25% OR MORE OF AN LLC OR A CORPORATION, YOU’RE REQUIRED TO FILE YOUR INFORMATION WITH THE FINANCIAL CRIMES ENFORCEMENT NETWORK, ALSO KNOWN AS FINCEN. MOST COMPANIES HAVE UNTIL ...