FinCen Issues Interim Final Rule – U.S. Entities Exempt from Filing BOI under CTA

• Earlier this week, the Financial Crimes Enforcement Network (FinCen) issued a final interim rule that exempted U.S. entities from filing beneficial ownership information under the Corporate Transparency Act (CTA).

Nonexempt Foreign Reporting Companies – Still Must File BOI with FinCen

• Nonexempt foreign reporting companies registered to do business in the United States must, in most circumstances, still file beneficial ownership information (BOI) with FinCen within thirty (30) days after their registration to do business is effective.

If you have any questions regarding compliance, or any other aspect of your business, please feel free to contact Doug Leavitt at Anderson Leavitt.

This entry is presented for informational purposes only and is not intended to constitute legal advice.