Under the act, small businesses across the United States need to file beneficial ownership information reports, also known as corporate transparency reports. For most eligible small businesses ...

The courts continue to battle over the constitutionality of the Beneficial Ownership Information (BOI) Reporting included in the Corporate Transparency Act that was poised to go into effect on Jan ...

This means just 25% of required entities have submitted their Beneficial Ownership Information. Non-compliance carries severe penalties, including civil fines of up to $591 per day, criminal fines ...

We last visited the pending January 1, 2025, deadline to file the new Beneficial Ownership Information ("BOI") report in my article, With Deadline Looming, FINCEN's Beneficial Ownership ...

The decision by the Treasury Department's Financial Crimes Enforcement Network, or FinCEN, to halt enforcement of the Corporate Transparency Act's Beneficial Ownership Information reporting ...

ALBANY — The U.S. Treasury Department’s Financial Crimes Enforcement Network recently added requirement for businesses to file beneficial ownership information reports by the end of the year ...

South Africa has put new laws in place to address the Financial Action Task Force’s (FATF) concerns, and those relating to beneficial ownership will have a significant impact on financial ...