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

Treasury official notes the department aims to “reduce regulatory burden on businesses,” and is looking at modifying sweeping ...

The saga of confusing Corporate Transparency Act (CTA) litigation continues, but the guidance remains the same: companies are ...

If an injunction is lifted, FinCEN will extend BOI filing deadlines for 30 days and reassess the types of companies required to file beneficial ownership information reports, the government said in ...

While the High Court today stayed one Texas judge's injunction blocking the Corporate Transparency Act’s beneficial ownership ...

Owners and part-owners of an estimated 32.6 million small businesses must register personal information with Treasury’s Financial Crimes Enforcement Network, or FinCEN. The information includes photo ...

then it is not required to file a BOI report with FinCEN. The U.S. Treasury provides questions that offer to assist in the decision of whether a company or business is exempt. Note that if a ...

The CTA was passed as part of FinCEN’s operational purview. “Under the law, small businesses have to report tons of private information to FinCen,” Patronis said. “While President Trump ...

to document who has a hand in their operation—termed “beneficial ownership information” (BOI)—and report it to the Financial Crimes Enforcement Network (FinCEN). Companies were directed to file the ...

FinCEN has identified the following 23 types of entities that are exempt from the BOI reporting requirements: Any person or entity that willfully fails to file the BOI report may be subject to civil ...

The Corporate Transparency Act required 32 million small businesses to submit beneficial ownership information to FinCEN by January ... should be included in the BOI report so as to avoid being ...