FinCEN Beneficial Ownership Reporting Deadline Approaching For US Businesses
Dec 27, 2024
Tens of millions of limited liability companies, partnerships, and other entities are currently facing a year-end deadline to avoid steep penalties of up to $10k. The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is set to enforce the new Beneficial Ownership Information (BOI) report in accordance with an anti-money laundering law called ...
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