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Beneficial Ownership Information (BOI)

Beneficial Ownership Information (BOI)

What You Need to Know

Effective January 1, 2024, many companies in the US must electronically report information about their beneficial owners – the individuals who ultimately own or control the company – to the Financial Crimes Enforcement Network (FinCEN).

Helpful Resources From FinCen:

Alert:

Criminals have already made fraudulent attempts to solicit information from individuals and entities who may be subject to this new rule. The fraudulent correspondence may be titled "Important Compliance Notice" and may ask you to click on a URL or to scan a QR code. These emails, letters, texts or phone calls are fraudulent. FinCEN, a bureau of the U.S. Department of the Treasury, who is overseeing BOI, does not send unsolicited requests. Please do not respond to these fraudulent messages, click on any links, or scan any QR codes within them.

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