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Reporting Requirements Guidance Update FinCEN

Paul Hastings LLP

Private Company Report: Third Quarter 2024

Paul Hastings LLP on

This edition of the Private Company Report highlights critical updates and regulatory changes affecting private companies, including the new beneficial ownership reporting requirements under the Corporate Transparency Act,...more

BCLP

FinCEN Updates CTA FAQs for the First Time in Three Months - Includes Clarity About Reporting Requirements for Beneficial Owners

BCLP on

On April 18, 2024, the Financial Crimes Enforcement Network (FinCEN) published an updated set of Frequently Asked Questions (FAQs) pertaining to the Beneficial Ownership Information (BOI) Reporting Rule under the Corporate...more

Keating Muething & Klekamp PLL

FinCEN Issues Additional Guidance for HOAs and Trusts under the Corporate Transparency Act

On April 18, 2024, the Financial Crimes Enforcement Network (“FinCEN”) issued additional FAQs relating to the Corporate Transparency Act (the “CTA”). More specifically, FinCEN provided helpful guidance pertaining to the...more

Paul Hastings LLP

Updated FinCEN CTA Guidance Impacts Private Equity Funds

Paul Hastings LLP on

On January 12, 2024, FinCEN updated its interpretations of the Corporate Transparency Act (“CTA”) that potentially will have a significant impact on private equity firms. This alert provides an overview of the CTA and certain...more

Foodman CPAs & Advisors

Preguntas Frecuentes BOI De FinCEN Actualizadas En Enero De 2024

El 1/4/24, FinCEN publicó preguntas frecuentes BOI adicionales para incluir nueva información sobre las empresas que reportan, los beneficiarios finales, los solicitantes de empresas, los requisitos de presentación de...more

Foodman CPAs & Advisors

BOI FAQs From FinCEN Updated January 2024

On 1/4/24, FinCEN published additional BOI FAQ’s to include new information about reporting companies, beneficial owners, company applicants, reporting requirements, and reporting company exemptions, as well as updated...more

Foodman CPAs & Advisors

FinCEN “BOI FAQs” Actualizadas Una Vez Más

El 12/12/23, las FinCEN “BOI FAQs” se actualizaron para incluir veintiuna preguntas nuevas relacionadas con preguntas generales, el proceso de presentación de reportes, las empresas que reportan, los requisitos de...more

Foodman CPAs & Advisors

FinCEN BOI FAQs Updated Once Again

On 12/12/23, FinCEN BOI FAQs were updated to include twenty-one new questions related to general questions, the reporting process, reporting companies, reporting requirements, initial reports, updated reports, compliance, and...more

Pillsbury Winthrop Shaw Pittman LLP

Legislative Reform Will Reinvent the US Anti-Money Laundering Regulatory Landscape

New federal requirements in the annual national defense budget reauthorization effectively will end anonymous U.S. shell companies by requiring businesses to disclose 25 percent owners and control persons to a newly created...more

Sheppard Mullin Richter & Hampton LLP

FinCEN Updates Guidance on Crypto

FinCEN has issued 2 new guidance documents addressing cryptocurrency and other convertible virtual currency (CVC). The guidance does not establish any new regulatory expectations. Rather, it consolidates current FinCEN...more

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