As promised, FinCEN has released a number of resources aimed at helping businesses understand their beneficial owner reporting requirements.
In addition to an introductory video (about one minute long) and a more detailed video (that’s close to five minutes long), FinCEN has made the following items available on its Beneficial Ownership Information Reporting Page:
These get into what companies need to report, exemptions from reporting, and what needs to be reported and when.
As it suggests, this is a quick snapshot of filing deadlines, including corrected and updated reports.
If you’re looking for something you can physically hand out to business customers or have available to take, this is probably your best bet.
Keep in mind Beneficial Owner information will not be accepted by FinCEN until January 1, 2024.
Published
2023/03/31