FinCEN Extends Filing of BOI Reports to Victims of Recent Natural Disasters

On October 29, 2024, FinCEN announced that certain victims of Hurricane Milton, Hurricane Helene, Hurricane Debby, Hurricane Beryl, and Hurricane Francine will receive an additional six months to submit beneficial ownership information reports. The extension includes reporting updates and corrections to prior reports.

FinCEN issued five Notices extending the filing deadlines for reporting companies that:

  • Have an original reporting deadline beginning one day before the date the specified disaster began and ending 90 days after that date, and 

  • Are located in an area that is designated both by the Federal Emergency Management Agency as qualifying for individual or public assistance and by the Internal Revenue Service as eligible for tax filing relief. 

FinCEN’s announcement and Notices can be found here.

FATF Updates List of Deficient Countries

VIDEO: Reopening A Closed Deposit Account

VIDEO: Reopening A Closed Deposit Account