The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) has announced the issuance of a notice to financial institution customers on beneficial ownership information requirements. --- FinCEN Issues Notice to Financial Institution Customers on Beneficial Ownership Information Requirements Immediate Release July 26, 2024 Today, the Financial Crimes Enforcement Network (FinCEN) issued a notice to customers of financial institutions about reporting beneficial ownership information. The Corporate Transparency Act requires certain entities, including many small businesses, to report to FinCEN information about the individuals who ultimately own or control them. A separate regulatory requirement currently requires many financial institutions to also collect...