Financial Crimes Enforcement Network Videos
Beginning January 1, 2024, new Federal regulations go into effect that will require many corporations, limited liability companies, and other entities created in or registered to do business in the United States to report information about their beneficial owners—the persons who ultimately own or control the company—to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). These new reporting requirements will strengthen the integrity of the U.S. financial system by making it harder for illicit actors to use shell companies to launder their money or hide assets. This video provides a short introduction to the upcoming beneficial ownership information reporting requirements. Visit www.fincen.gov/boi for more information, including additional guidance materials.
The following video is of a U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) published on December 21, 2023. Please join U.S. Treasury Office of Terrorism and Financial Intelligence Under Secretary Brian Nelson and Financial Crimes Enforcement Network (FinCEN) Director Andrea Gacki for a briefing on the final rule that establishes parameters for access to and protection of beneficial ownership information. This briefing will cover key requirements for how authorized users can request and access beneficial ownership information, mechanisms for protecting this sensitive data, and the differences between the proposed rule and the final rule. Starting January 1, 2024, with the implementation of the Corporate Transparency Act, many companies will be required to report information to the U.S. government about who ultimately owns and controls them. To learn more about beneficial ownership information reporting requirements, visit www.fincen.gov/boi.
The following video is of a U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) 56 minute webinar held on December 13, 2023.