Starting last January, the U.S. Department of Treasury’s Financial Crimes Enforcement Network has opened a portal for ...

At the heart of this requirement is the Beneficial Ownership Information (BOI) report, which must be submitted ... Based on these requirements, most small businesses are going to be required ...

The Financial Crimes Enforcement Network list includes inflation-adjusted amounts for the civil monetary penalties for violating beneficial ownership information reporting rules.

you may file an updated BOI report indicating the company is newly exempt from reporting requirements. The Treasury Department defines a “beneficial owner” as an individual who owns at least ...