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Federal Regulatory Reporting
To help the United States counter financial crimes, U.S business owners will be required to file a Beneficial Ownership Information Report (BOIR) starting January 1, 2024.
5 Years of Experience
Seamless FinCEN Filing for Transparency and Security
Enforcements Actions & Filing Deadlines
- Newly Formed Businesses created on or after January 1, 2024 will have 90 days to file.
- Existing Businesses will have 1 year to file (between January 1, 2024 to December 31, 2024).
- Amendment Needed reflect changes within 30 days of any change in previously-filed submissions.
- Failure To File Any company that fails to file a beneficial ownership report (BOIR) or amendment by its filing deadline is subject to a fine of $500 per day, up to a maximum of $10,000.
- Willful failures or intentionally filing inaccurate information is a felony, punishable by up to two years in prison
Latest News
How to Request a FinCEN Identifier: A Step-by-Step Guide for Beginners.
In response to the Corporate Transparency Act (CTA), the Financial Crimes Enforcement Network (FinCEN) has implemented new regulations to enhance transparency in corporate ownership and combat financial crimes. One of the key features of these regulations is the FinCEN identifier,
Can foreign governments access beneficial ownership information?
The Corporate Transparency Act (CTA) marks a significant shift in the U.S. regulatory landscape by requiring certain companies to report beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN). One key aspect of the CTA is the question of
Who can request a FinCEN identifier on behalf of an individual?
The Financial Crimes Enforcement Network (FinCEN) has implemented new regulations under the Corporate Transparency Act (CTA) to enhance transparency in corporate ownership and combat financial crimes. One key feature of these regulations is the introduction of the FinCEN identifier, a