Additional guidance on beneficial ownership information reporting requirements
Updated FAQs include new questions about beneficial owners, initial reports, FinCEN identifiers, and third-party service providers
Updated FAQs include new questions
The Financial Crimes Enforcement Network (FinCEN) of the U.S. Treasury Department today issued additional guidance materials for the beneficial ownership information (BOI) reporting requirements.
- Updated “frequently asked questions” (FAQs) include new questions about beneficial owners, initial reports, FinCEN identifiers, and third-party service providers
- Small Entity Compliance Guide translations
- BOI brochure [PDF 566 KB]
- FinCEN BOI webpage
Background
Beginning on January 1, 2024, many companies in the United States will have to report information about their beneficial owners—the individuals who ultimately own or control the company. Companies will be able to begin reporting beneficial ownership information to FinCEN at that time.
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