The Financial Crimes Enforcement Network (FinCEN) established a beneficial ownership information requirement (BOI) under the Corporate Transparency Act (CTA) whereby most U.S entities must report information on their beneficial owners to FinCEN starting on January 1, 2024.
Alert your clients to the reporting requirement. Use this client letter template to inform them of their compliance requirements.
Related resources
Beneficial ownership information (BOI) reporting resource library — Access resources to learn about the beneficial ownership information reporting requirement under FinCEN’s Corporate