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 8 July 2024, concern entities created before the Corporate Transparency Act was enacted and entities that have ceased to exist. The new FAQs are as follows: C. 12. Do beneficial ownership information reporting requirements apply to companies created or registered before the Corporate Transparency Act was enacted (January 1, 2021)? Yes. Beneficial ownership information reporting requirements apply to all companies that qualify as "reporting companies" (see Question C.1),...