Events listed in Corporate Transparency Act (CTA)
FinCEN Issues Final Rule Regarding Access to Beneficial Ownership Information
ID 26486
Following the implementation of rules to require the reporting of beneficial ownership by nearly all firms operating in the U.S. in an effort to enhance transparency on ownership and to reduce money laundering and financing of terrorism activity in the U.S. – and – following a subsequent consultation on regulating the access to such collected beneficial ownership information (BOI), the Financial Crimes Enforcement Network ...
SR 23-11
ID 26482
In view of the finalization of the „access rule“ as regards access to FinCEN’s database on beneficial ownership information (BOI) (EventID 24631), several U.S. banking regulators, including the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency, as well as FinCEN itself have published a joint ...
Fact Sheet: Beneficial Ownership Information Access and Safeguards Final Rule
ID 26466
In view of the finalization of the „access rule“ as regards access to FinCEN’s database on beneficial ownership information (BOI) (EventID 24631), the Financial Crimes Enforcement Network has published a corresponding fact sheet. The fact sheet outlines the key provisions of the final rule with respect to the following: (1) the background of the final rule and the regulatory framework; (2) recipients that will ...
FACT SHEET: U.S. Department of the Treasury Actions to Prevent and Disrupt ...
ID 26195
The U.S. Department of the Treasury (USDT) has published a „fact sheet“ in which it outlines its efforts in the last two years and upcoming initiatives to combat corruption and illicit finance. These efforts and initiatives focus around three key themes: – the prevention of money laundering; – holding individuals and firms accountable for their doing; and – the strengthening of global anti-corruption efforts. ...
FinCEN to Host Webinar on Beneficial Ownership Information Reporting Requirements
ID 26184
In view of the coming into force of the new beneficial ownership reporting requirements on January 1, 2024 (please see EventID 17480 in this context), the Financial Crimes Enforcement Network (FinCEN) published – on December 11, 2023 – a press statement in which it announced an „upcoming“ webinar with the topic: „Beneficial Ownership Information Reporting Requirements: What You Need to Know“ on December 13, ...
FinCEN Extends Deadline for Companies Created or Registered in 2024 to File ...
ID 25987
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 ...
FinCEN Finalizes Rule on Use of FinCEN Identifiers in Beneficial Ownership ...
ID 25682
On November 7, 2023, the Financial Crimes Enforcement Network, FinCEN, published its final rule regarding the use of FinCEN identifiers when reporting beneficial ownership information. The final rule was subsequently published in the Federal Register on November 11, 2023 with an effective date of January 1, 2024. To recall, in December 2022, FinCEN launched a consultation on proposed modifications to [Statutory Instrument 31 CFR ...
Beneficial Ownership Information Reporting Deadline Extension for Reporting ...
ID 25125
The Financial Crimes Enforcement Network (FinCEN) has launched and published in the Federal Register a consultation on the extension of the upcoming deadline for reporting beneficial ownership for certain companies. Specifically, FinCEN is suggesting a change to the current beneficial reporting rule as outlined in EventID 17480 and included in Statutory Instrument 31 CFR Part 1010, new §1010.380. This change would affect entities established ...
FinCEN Issues Compliance Guide to Help Small Businesses Report Beneficial Ownership ...
ID 24977
In view of the coming into force of the beneficial ownership reporting obligation of firms operating in the U.S. on January 1, 2024 (please see EventID 17480 for a detailed description of the upcoming requirements), the Financial Crimes Enforcement Network (FinCEN) has published several documents and even two videos to support small firms in their compliance with the new reporting and notification requirements. Specifically, ...
FinCEN Issues Initial Beneficial Ownership Information Reporting Guidance
ID 22471
In view of the coming into force of the beneficial ownership reporting obligation of firms operating in the U.S. on January 1, 2024 (please see EventID 17480 for a detailed description of the upcoming requirements), the Financial Crimes Enforcement Network (FinCEN) has published several documents and even two videos to support firms in their compliance with the new reporting and notification requirements. Specifically, FinCEN ...