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 anticipated filing process.
To ensure timely compliance and avoid severe penalties, businesses subject to this law should prepare to meet the new, complex reporting requirements and stay informed about any changes in the Act's requirements. FinCEN has not yet launched “BOSS”, its online "Beneficial Ownership Secure Search System."