U.S. FinCEN Issues Compliance Guide to Help Small Businesses Report Beneficial Ownership Information
The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) has announced the publication of a Small Entity Compliance Guide to assist small businesses in complying with the new beneficial ownership information reporting rule. As previously reported, the new rule is effective from 1 January 2024, requiring certain entities to file with FinCEN reports that identify two catego…
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