FinCEN Extends Deadline for Companies Created or Registered in 2024 to File Beneficial Ownership Information Reports

The Financial Crimes Enforcement Network (FinCEN) has published a press statement to announce the finalization of its proposed rule amendment to extend the upcoming deadline for reporting beneficial ownership for certain companies. The final rule was meanwhile published in the Federal Register.
Specifically, as proposed, FinCEN is modifying the current beneficial reporting rule as outlined in EventID 17480 and included in Statutory Instrument 31 CFR Part 1010, new §1010.380, to extend the deadline for submitting initial BOI reports to FinCEN from 30 days to 90 days for entities established or registered between January 1, 2024 and January 1, 2025.
Entities created or registered after January 1, 2025 will still have to submit their BOI reports within the original 30-day timeframe as outlined in the reporting rule. Already registered firms are not be affected by the rule change.