Financial Crimes Enforcement Network (FinCEN)

On January 12, 2024, FinCEN updated its Beneficial Ownership Information Frequently Asked Questions (“FAQs”) to include new information and clarifications about reporting companies, beneficial owners, company applicants, and other reporting requirements. We discuss these developments in our post.
Continue Reading Corporate Transparency Act: FinCEN Updates FAQs on Beneficial Ownership Information

On September 29, 2022, the Financial Crimes Enforcement Network (“FinCEN”) issued final regulations (the “Final Rule”) implementing the comprehensive beneficial ownership reporting requirements of the Corporate Transparency Act (“CTA”), a critical part of the Anti-Money Laundering Act of 2020 (the “AMLA”).
Continue Reading Treasury Issues Final Rule on Beneficial Ownership Reporting Requirements Under the Corporate Transparency Act