The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) has published new and updated FAQs on the beneficial ownership reporting requirements that apply from 1 January 2024. The new FAQs, issued on 10 June 2024, concern reporting by India Tribes, the public utility exemption in relation to telecommunications services, and the large operating company exemption. The new FAQs are as follows: C. 11. Are entities formed under Tribal law required to report beneficial ownership information? Yes, if the entity meets the reporting company definition and does not qualify for any exemptions to the reporting requirements. See Question C.1 for more...