by AdrianaAMLP | Jan 13, 2024
Companies that are required to comply (“reporting companies”) must file their initial reports by the following deadlines: Existing companies: Reporting companies created or registered to do business in the United States before January 1, 2024 must file by January 1,...
by AdrianaAMLP | Jan 11, 2024
The Access Rule reflects FinCEN’s commitment to creating a highly useful database for authorized BOI recipients while protecting this sensitive information from unauthorized disclosure. This Access Rule follows the final BOI Reporting Rule FinCEN issued on September...
by Jyotsna Bucktowar | Dec 21, 2023
FinCEN has issued a final rule, the “Access Rule,” on authorised access to beneficial ownership information (BOI) reported under the Corporate Transparency Act. The Access Rule doesn’t make it mandatory for banks to use the BOI from the system, nor...
by AdrianaAMLP | Dec 13, 2023
FATF’s consultation relates to Beneficial Ownership and Transparency of Legal Arrangements (Recommendation 25).
by Jyotsna Bucktowar | Nov 28, 2023
The extension aims to facilitate compliance and enhance the creation of a comprehensive BOI database. Reporting companies created or registered in 2024 will have 90 calendar days from the date of receiving actual or public notice of their creation or...
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