Client Alert: Reporting Companies Once Again Required to Report Ownership Information to FinCEN
By EsqSocial Corporation 24/12/24
In light of a December 23, 2024, federal Court of Appeals decision, reporting companies, except as indicated below, are once again required to file beneficial ownership information with the Financial Crimes Enforcement Network (FinCEN). However, because the Department of the Treasury recognizes that reporting companies may need additional time to comply given the period when the preliminary injunction had been in effect, FinCEN has extended the reporting deadline as follows......
By: Shumaker, Loop & Kendrick, LLP