WASHINGTON, Aug. 14 -- Financial Crimes Enforcement Network has issued a rule called: Beneficial Ownership Information Reporting Requirement Revision.
The rule was published in the Federal Register on Aug. 14 by Andrea M. Gacki, Director, Financial Crimes Enforcement Network.
Summary: FinCEN is issuing this final rule to adopt as final and with certain limited changes the interim final rule issued on March 26, 2025, which narrowed beneficial ownership information (BOI) reporting requirements under FinCEN's regulations implementing the Corporate Transparency Act (CTA). In particular, this final rule not only continues to exempt reporting companies from having to report the BOI of U.S. person beneficial owners and U.S. person beneficial own...