Tag: CTA

Spooky New Reporting Requirements: BOI

FinCEN Beneficial Ownership Information (BOI) Reporting Requirements Overview:The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) requires certain businesses to file a Beneficial Ownership Information (BOI) report. This report aims to enhance transparency and reduce financial crimes by identifying those who control or own a stake in various entities. Who Must File:Generally, domestic […]