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U.S. FinCEN Provides New Beneficial Ownership Reporting FAQs in Relation to Tax Identification Numbers

|Approved Changes|United States
United States

The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) has published new and updated FAQs on the beneficial ownership reporting requirements that apply from 1 January 2024. The new and updated FAQs, issued on 24 July 2024, concern the type of tax identification number that should be reported by a reporting company that is disregarded for U.S. tax purposes and obtaining a …

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