FinCEN recently published a brochure titled An Introduction to Beneficial Ownership Information Reporting as a quick reference to the BOI final rule. The brochure serves as a quick reference on the requirements for who, how, and when to report to FinCEN for beneficial ownership information.

In addition, FinCEN updated its Frequently Asked Questions on Beneficial Ownership Information Reporting. In particular, 3 new Q&As were added to the list of FAQs.

The BOI brochure can be found here.

The Updated BOI FAQs can be found here.

Adam Witmer

Adam Witmer is a speaker, author, and founder of the Compliance Cohort. Adam has taught hundreds of seminars and training sessions to thousands of bankers throughout the United States and teaches on all areas of regulatory compliance. Adam has written five e-books that he never published, hit a grizzly bear while driving in a National Park, and is an award winning photographer and musician (though he no longer takes photos nor plays any instruments). In his spare time, Adam can be found kayaking on the lake, doing taekwondo with his kids, working on his (project) house, or spending time with his family.

Website

Become a Free Member