Tag Archives: beneficial ownership rule

The Financial Crimes Enforcement Network has announced it will not impose penalties or fines on companies that fail to file or update their beneficial ownership information (BOI) under the Corporate Transparency Act. The beneficial ownership rule of the Corporate Transparency …

The Corporate Transparency Act and its beneficial ownership requirement will be enforced again. Following a lifted injunction by a Texas judge who had halted reporting requirements, small businesses must follow the law by March 21. The act and beneficial ownership …