The Financial Crimes Enforcement Network (FinCEN) will consider changes to the beneficial ownership information (BOI ... defined as any individual who files an application to form a corporation, ...

Discusses the willfully requirement for the filing of FINCEN Beneficial Ownership Information Reports (BOIR) under the ...

Q. I live in a large condo association. As long as I have lived here, the association has used a studio condo unit as an office owned by the association. For the majority of that time, we had a ...

A "beneficial owner," per FinCEN, is "an individual who either directly ... spelling company names wrong and/or leaving out punctuation The BOI form requires uploading an image of an identifying ...

If a person, persons, or companies willfully fail to report or complete or update beneficial owner information, FinCEN will determine appropriate enforcement response in the form of civil or ...

Local businesses are being urged to pay attention as updates come to the controversial Corporate Transparency Act. Earlier this month, we reported that a last-minute injunction stopped the enforcement ...

Snell & Wilmer’s Sarah Hibbard says many startups will need to comply with the CTA but that founders may struggle to prepare ...

The article showcases the key Trade-Based Money Laundering typologies which indicate the diverse methods used by perpetrators to exploit trade transactions for money laundering purposes. Hopefully, ...