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U.S. FinCEN Updates and Adds FAQs on Beneficial Ownership Information

09 October 2024

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Approved Changes

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United States

The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) has announced the update and addition of several FAQs on beneficial ownership information reporting requirements. FinCEN Updates Frequently Asked Questions on Beneficial Ownership Information The Financial Crimes Enforcement Network (FinCEN) has updated some of its Beneficial Ownership Information Frequently Asked Questions and issued several additional ones. The topics covered are: A. General Questions Access to BOI (A3 and A6) B. Reporting Process Who Can File a BOI Report (B7 and B8) Unauthorized Practice of Law (B9) How to Report Multiple Beneficial Owners and Company Applicants (B10) C. Reporting Company What Are...