REPORTING TO U.S. TREASURY REQUIRED FOR MOST LEGAL ENTITIES
Starting January 1, 2024, many legal entities will have to report beneficial ownership information (BOI) to the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) through an electronic filing system at www.fincen.gov/boi. This new reporting requirement is intended to combat money laundering, the financing of terrorism and other illegal activity. What entities are [...]