C&Mc Update on FinCEN BOI Reporting

US Companies and US Persons are no longer subject to FinCEN Beneficial Ownership Reporting Requirements On March 21, 2025, the U.S. Department of the Treasury Financial Crimes Enforcement Network (FinCEN) issued an interim final rule removing the beneficial ownership information (BOI) reporting requirement under the Corporate Transparency Act for U.S. companies and U.S. persons. Under the interim final rule, the definition of “reporting company” was revised to…  continue reading ›