FinCEN

Financial Crimes Enforcement Network

Resources > FinCEN Reporting

Beneficial Ownership Information Reporting & What You Need to Know

A new federal law in effect as of Jan. 1, 2024, has a significant impact on those who form, or have an interest in, a state-registered legal entity. The Beneficial Ownership Information (BOI) reporting by the Corporate Transparency Act of 2021 requires providing information and copies of government-issued identification documents to FinCEN under pain of civil or criminal penalty. The purpose of the BOI rule is to provide FinCEN with the information needed to combat the illicit use of our financial system.


BOI Reporting - It's Here!

The BOI E-Filing System is now live.  FinCEN has begun accepting BOIRs electronically through its secure filing system

File a BOIR Today!

 Steps to Get Ready



On-Demand Training

  • FinCEN Reporting: BSA E-Filing Account Setup - Watch Now

    Members filing Currency Transaction Reports (CTR) must first be granted access to FinCEN’s E-Filing portal.  Setting up a new account is explained in this recording.  The CTR filing process is explained in another video: How to Complete a Currency Transaction Report. BSA E-Filing Account Setup BSA E-Filing Website Overview Become A BSA E-Filer

  • FinCEN Reporting: How to Complete a Currency Transaction Report - Watch Now

    Members filing Currency Transaction Reports (CTR) to comply with the mandate of a Geographic Targeting Order will find that process demonstrated and explained in this recording. The ALTA FinCEN Data Collection Form is a useful tool to determine a covered transaction and to collect information for reporting purposes. Learn how to setup a new E-Filing Account. How to Complete a CTR BSA E-Filing Website Overview Become A BSA E-Filer

Questions

Send us your questions and we will get back to you as soon as we can. Help us learn about the issues you are encountering in your practices, which in turn guides how we can best support you.

Email: FinCENinfo@TheFund.com


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