On December 15, 2022, the Financial Crimes Enforcement Network (“FinCEN”) issued a Notice of Proposed Rulemaking (the “NPRM”) that would implement provisions of the Corporate Transparency Act (the “CTA”) regarding access to...more
1/9/2023
/ Beneficial Owner ,
Civil Monetary Penalty ,
Confidentiality Policies ,
Corporate Transparency Act ,
Disclosure Requirements ,
Due Diligence ,
Financial Institutions ,
FinCEN ,
NPRM ,
Proposed Regulation ,
Regulatory Agenda ,
Regulatory Requirements ,
Reporting Requirements ,
Safeguards Rule
On September 29, 2022, the Financial Crimes Enforcement Network (“FinCEN”) issued the highly anticipated final rule, Beneficial Ownership Information Reporting Requirements (the “Final Rule”), implementing the beneficial...more
10/6/2022
/ Beneficial Owner ,
Corporate Transparency Act ,
Customer Due Diligence (CDD) ,
Employer Identification Number (EIN) ,
Final Rules ,
FinCEN ,
Income Taxes ,
Limited Liability Company (LLC) ,
New Regulations ,
Penalties ,
Reporting Requirements