More information is available at https://www.fincen.gov/boi . FinCEN also offers system-to-system BOIR transmission via secure Application Programming Interface (API) for those, including …

FinCEN issued a public alert on December 18, 2024, to raise awareness of fraud schemes abusing FinCEN’s name, insignia, and authorities for financial gain—including scams that exploit beneficial ownership reporting. Learn more about these schemes and where to report them here.

Mar 24, 2023 · If you are required to report your company’s beneficial ownership information to FinCEN, you will do so electronically through a secure filing system available via FinCEN’s BOI E-Filing website (https://boiefiling.fincen.gov).

FinCEN will begin accepting BOIRs electronically through its secure filing system January 1, 2024. FinCEN will not accept BOIRs prior to January 1, 2024. If a reporting company already exists as of January 1, 2024, it must file its initial BOIR by January 1, 2025.

Have the required identifying information (or FinCEN ID) available for beneficial owners and company applicants (if applicable).

Certain types of corporations, limited liability companies, and other similar entities created in or registered to do business in the United States must report information about their beneficial owners—the persons who ultimately own or control the company—to FinCEN beginning on Jan. 1, …

FinCEN IDs can be reported on Beneficial Ownership Information Reports (BOIRs) submitted to FinCEN.

Jan 23, 2025 · Most reports were originally due by the start of 2025; however, FinCEN pushed that date to Jan. 13, a deadline that the injunction made null. Willful violations are punishable by a fine of $591 a day, up to $10,000, and two years in prison with similarly serious penalties for unauthorized disclosure. AICPA advocacy

Jan 1, 2024 · FinCEN’s Small Entity Compliance Guide walks small businesses through the requirements in plain language. Filers can also view informational videos and webinars, find answers to frequently asked questions, connect to the contact center, and learn more about how to report at www.fincen.gov/boi .

Dec 26, 2024 · Under the new regulation, reporting companies file information on each beneficial owner with the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN). FinCEN has developed a database that holds information about each beneficial owner documented by a reporting company.