New Federal Regulation Requirements for Businesses Starting January 1, 2024 – What You Need to Know

07/28/24

The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of Treasury, issued a new federal reporting requirement for Beneficial Ownership Information (BOI).

Beginning January 1, 2024, many companies will be required to report information to the U.S. government about who ultimately owns and controls them.

Need more information? Download:

• BOI-Notice-to-Customers-Updated July2024,
• FinCEN’s BOI’s Key Questions,
• Frequently Asked Questions, and
• Introduction to Beneficial Ownership Information Reporting documents.

For more information and the most current updates, click here: Beneficial Ownership Information Reporting | FinCEN.gov