New Federal Regulations Will Require Many Companies to File FinCEN Reports Identifying Beneficial Owners
23.06.2022 in Business FormationLate last year, FinCEN, the U.S. Treasury Department’s Financial Crimes Enforcement Network, issued proposed regulations that require every non-exempt “reporting company” to file a report identifying every individual who is a “beneficial owner” or “company applicant” of the company. The public comment period on the…