Existing Companies Have One Year to File; New Companies Must File Within 90 Days of Creation or Registration WASHINGTON -- Today, the U.S. Department of the Treasury’s Finan ...
The US Corporate Transparency Act requires US business owners to register with the Financial Crimes Enforcement Network (FinCEN), a bureau of the US Department of the Treasury. Fi ...
The Corporate Transparency Act requires US corporations, limited liability companies, limited partnerships, and other similar entities to file an information report with FinCEN. ...
When registering with FinCEN, companies are required to provide the following information about each beneficial owner: full legal name date of birth current residential stre ...
Penalties for Non-Compliance Failure to comply with the Act's reporting requirements can lead to substantial penalties. Intentional submission of false or fraudulent beneficial ow ...
The Act lists 23 categories of exemptions, primarily publicly traded companies, banks and credit unions, insurance companies, and large corporations (20 employees and $5 million in ...
Drawing on our extensive experience with FinCEN filings, we have created a secure process for corporate due diligence and electronic filing that will connect to FinCEN’s anti ...
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📢 Important Update! The Financial Crimes Enforcement Network (FinCEN) has ADOPTED a rule to extend the reporting deadline for companies formed in 2024 to file their Beneficial Ow ...