FinCEN director questioned by lawmakers on regulatory burden, BOI collection
During a congressional hearing, House Republicans said onerous data collection requirements have redirected resources away from FinCEN’s core mission of ...
Tag: Beneficial ownership
ABA offers proposals for easing BOI reporting burden on banks
ABA suggested FinCEN make several revisions to its beneficial ownership information rule to ease the burden of its reporting requirements, ...
GAO: FinCEN should clarify inspectors general use of BOI in fraud detection efforts
FinCEN should take steps to improve the ability of inspectors general to determine companies’ beneficial owners, which would be useful ...
FinCEN to exempt U.S. companies from beneficial ownership reporting
FinCEN posted an interim final rule removing the requirement for U.S. companies and persons to report beneficial ownership information to ...
Treasury Department suspends BOI enforcement for U.S. companies
The Treasury Department announced that it will not enforce any penalties or fines against U.S. companies for failing to report ...
FinCEN to establish new BOI reporting deadlines, review requirements
FinCEN said it will not issue fines or penalties against companies that fail to report their BOI by the current ...
FinCEN extends BOI reporting deadlines
FinCEN announced that beneficial ownership reporting requirements are back in effect after a federal court lifted the remaining nationwide injunction ...
Court lifts remaining nationwide injunction on BOI collection
A federal court has lifted its nationwide injunction on beneficial ownership information collection, citing a U.S. Supreme Court ruling in ...
DOJ asks Supreme Court to weigh in on BOI injunction
DOJ’s filing asked the high court to narrow the “district court’s vastly overbroad injunction.”
Updated: FinCEN beneficial ownership registry deadline paused again
The January deadline for covered businesses to register their beneficial ownership information is once again on hold following a Dec. ...
