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U.S. FinCEN Beneficial Ownership Reporting Requirements Back in Effect with Deadline Extensions

27 December 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 published an alert on its BOI webpage announcing that the beneficial ownership reporting requirements are back in effect following a federal Court of Appeals decision on 23 December 2024. --- Alert: Updates to Beneficial Ownership Information Reporting Deadlines – Beneficial Ownership Information Reporting Requirements Now in Effect, with Deadline Extensions In light of a December 23, 2024, federal Court of Appeals decision, reporting companies, except as indicated below, are once again required to file beneficial ownership information with FinCEN. However, because the Department of the Treasury recognizes that reporting companies...