Page 2 - Reporting Rule News Today

On December 22, 2023, the Financial Crimes Enforcement Network ("FinCEN") published a final rule establishing standards for banks to access beneficial ownership information...

On January 12, 2023, the Financial Crimes Enforcement Network (FinCEN) released additional updated guidance to the Beneficial Ownership Information Reporting Frequently Asked Questions...

The U.S. natural gas and oil industry is taking action to reduce methane emissions while continuing to produce affordable, reliable energy. Average methane emissions intensity declined by nearly 66 percent across all seven major producing regions from 2011 to 2021.

Reporting Companies created or registered during the 2024 calendar year will have 90 days to file an initial BOI report.

In some prior posts (The Capital Calculation Rule, The Partnership Capital Rule and The Corporate Capital Rule), I described the logical operation of FinCEN's Reporting Rule.

On December 21, 2023, the Financial Crimes Enforcement Network (FinCEN) finalized its long-anticipated Access Rule, the second of its three major rulemakings to implement the Corporate Transparency Act (CTA).

As of January 1, 2024, the Corporate Transparency Act (“CTA”) has gone into effect. Companies that may be Reporting Companies of Beneficial Ownership Information (“BOI”) should be aware...

In 2021, the Corporate Transparency Act (the “CTA”) was enacted into U.S. federal law as part of a multi‑national effort to rein in the use of entities to mask illegal activity. The CTA...

This article outlines the applicability and compliance requirements in connection with the new Beneficial Ownership Information Reporting Rule coming…

In a prior post (Beneficial Ownership Under the Corporate Transparent Act: The Capital Calculation Rules), I described how FinCEN's Reporting Rule for preparing BOI reports required...