Hosted on MSN6d
What Does Your Financial Institution Need to Know About Your Company’s Ownership in 2025?
Yes, the requirement to register an entity’s Beneficial Ownership Information (BOI) with the U.S. Government agency, ...
China Briefing9d
Beneficiary Owner Filing in China Q&A: What is a Beneficiary Owner?
In contrast, the previous PBOC documents require financial institutions to identify the beneficial owners of non-natural person customers during customer due diligence, as part of their anti-money ...
JD Supra14d
Another Twist in the Corporate Transparency Act Saga: FinCEN Announces That Ownership Information Reporting Is Not Currently Required
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced in an alert posted on its website on January 24, ...
JD Supra22d
Legal Entities › Customer Due Diligence (CDD) › FinCEN
Effective May 11, 2018, covered financial institutions are required to comply with the customer due diligence rule (the Rule) that the Financial Crimes Enforcement Network (FinCEN) finalized in ...
Washington Examiner28d
Privacy hawks reintroduce bill to repeal small business ownership disclosure act
The Access Rule would establish specific parameters for the database that holds beneficial owner information provided by the small businesses, while the Customer Due Diligence Rule would make sure ...