On September 30, the US Treasury’s Financial Crimes Enforcement Network (FinCEN) published, in the Federal Register, a final rule (Final Rule) that establishes beneficial ownership information (BOI) reporting requirements pursuant to the Corporate Transparency Act (CTA). The Final Rule is codified at 31 CFR §1010.380. As discussed in greater detail below, the Final Rule requires most entities created or registered to do business in the United States to file beneficial ownership information (BOI) reports with FinCEN that identify two categories of individuals: (1) the beneficial owners of the entity and (2) the company applicants of the entity. As discussed in a prior LawFlash, Congress enacted the CTA on January 1, 2021, establishing a reporting regime for the beneficial owners of corporations and limited liability companies in an effort to make BOI available to law enforcement and, in some circumstances, financial institutions for use in combating money laundering.