WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has issued guidance on its Beneficial Ownership Information (BOI) reporting rule, which is effective Jan. 1, 2024.
The Corporate Transparency Act (CTA) establishes uniform beneficial ownership information reporting requirements for certain types of corporations, limited liability companies, and other similar entities, and authorizes FinCEN to collect that information. The CTA is part of the Anti-Money Laundering Act of 2020.
Information published by FinCEN includes:
- A short introductory video of the BOI reporting requirements
- A frequently asked questions document
- A list of key questions for stakeholders
- A list of BOI report filing dates
- An instructional video on the requirements
It’s Called Fresh for a Reason. And We Offer Home Delivery. For Free!
The biggest, best and freshest news reporting in credit unions remains free in ’23! Each morning CUToday.info delivers its daily Fresh Today news update offering the latest headlines and breaking news right to your email, with the easy-to-read headlines format allowing you to click on the stories that interest you most in order to learn more.
If you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time—and it’s free!
Please note that after signing up you may need to go to your Spam/Junk folder and mark the morning headlines email as safe. CUToday.info does not provide its list of readers and emails to outside parties, and we will not be contacting you to sell you an extended warranty or sending you any links so you may cash in on an inheritance you didn’t know was coming.
And did we mention it’s free?
Please note and/or make your IT department or email administrator aware the emails will be coming from the domains CUTodayinfo.com and CUTodayinfoReply.com