U.S. FinCEN Not Issuing Fines or Penalties in Connection with Beneficial Ownership Information Reporting Deadlines
The U.S. Treasury Financial Crimes Enforcement Network (FinCEN) has announced that it will not be issuing fines or penalties against any companies based on any failure to file or update beneficial ownership information (BOI) reports pursuant to the Corporate Transparency Act by the current deadlines. FinCEN also intends to issue an interim final rule by 21 March 2025 that extends BOI reporting…
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