FinCEN’s Interim Final Rule: BOI Reporting Update for US Companies and Persons
In a significant update to Beneficial Ownership Information (BOI) reporting requirements, FinCEN (Financial Crimes Enforcement Network) has issued an interim final rule that impacts US companies and individuals. Key Highlights of the New Rule: Why This Change Matters: This rule alleviates compliance burdens for US-based businesses and individuals while narrowing the focus to foreign entities conducting business in the […]
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