In their recent alert Navigate the Current Uncertainty on FinCEN Matters with Chris Farmakis and Dane Fennell, Susanna Bagdasarova and Kate Cooper provide a reminder of the upcoming January 1, 2025 compliance deadline for the Financial Crimes Enforcement Network (FinCEN) Beneficial Ownership Information Reporting Rule (the “Rule”). Although it is currently being challenged in the courts, the compliance requirements and deadlines remain in effect for the majority of entities at this time. To view the full alert, click here.
In their recent article MindShare: Navigate the Current Uncertainty on FinCEN Matters with Chris Farmakis and Dane Fennell, Susanna Bagdasarova and Kate Cooper discuss the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) Beneficial Ownership Information Reporting Rule under the Corporate Transparency Act (CTA), and what this means to businesses, and what every entity organized under U.S. law or registered to do business in the U.S. will need to determine. To read the full article, click here.
In their recent alert Navigate the Current Uncertainty on FinCEN Matters with Chris Farmakis and Dane Fennell, Susanna Bagdasarova and Kate Cooper discuss the Financial Crimes Enforcement Network (FinCEN) Beneficial Ownership Information Reporting Rule (the “Rule”) under the Corporate Transparency Act (CTA) and the uncertainty surrounding it and how Babst Calland is advising clients as we closely follow these developments. To read the full alert, click here.