Functional Regulators News Today

FinCEN published a final rule establishing when beneficial ownership information (BOI) reported under the Corporate Transparency Act may be disclosed to authorized recipients and how it must be protected.

Weeks after it opened the platform for beneficial ownership information (BOI) reports, FinCEN has offered more clarity on filing issues.

The Corporate Transparency Act (CTA) was enacted in 2021 and became effective on Jan. 1, 2024. The CTA was passed with the aim of enhancing transparency in corporate ownership, so as to...

U.S. Treasury has announced that it is now accepting beneficial ownership information reports. The reports are required under the Corporate Transparency Act.

Disclosure of beneficial owner information under the CTA is limited to six categories of recipients.

On December 21, 2023, the Financial Crimes Enforcement Network (“FinCEN”) released a final rule to implement the beneficial ownership information (“BOI”) access requirements of the...

On December 15, 2022, the US Financial Crimes Enforcement Network ("FinCEN") published a Notice of Proposed Rulemaking to implement the beneficial ownership information ("BOI") access requirements...