News & Analysis as of

Registration Requirement Corporate Transparency Act

A&O Shearman

The Register of Overseas Entities – what the real estate industry needs to know - May 2025

A&O Shearman on

Any overseas entity acquiring a Qualifying Estate must register on the Register of Overseas Entities (ROE). The ROE opened for registrations on August 1, 2022. Since September 5, 2022, an overseas entity that is not...more

Foodman CPAs & Advisors

BOI Reporting Companies Get More FinCEN Clarification

On 9/10/24, FinCEN updated its BOI FAQs page by adding four new FAQs that provide more clarity to BOI Reporting Companies. The new FAQ’s address the areas of companies that cease to exist, foreign companies that stop doing...more

Foodman CPAs & Advisors

Aviso FinCEN a Clientes

“FinCEN alienta a las instituciones financieras a compartir esta guía de referencia con los clientes a los que se les pueda solicitar que reporten información sobre dueños beneficiarios” es el mensaje que FinCEN publicó el 26...more

Foodman CPAs & Advisors

FinCEN Notice to Customers

“FinCEN encourages financial institutions to share this reference guide with customers that may be required to report beneficial ownership information” is the message that FinCEN released on 7/26/24. The FinCEN Notice to...more

Faegre Drinker Biddle & Reath LLP

Entities That 'Cease to Exist' Must Still Comply With the Corporate Transparency Act

On Monday, July 8, 2024, the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) released additional FAQs specifying that a reporting company (i.e., a company to which no exemption applies) created or...more

Foodman CPAs & Advisors

Cumplimiento/Ejecución BOI Para Empresas Que Reportan

Las empresas que reportan están obligadas a proporcionar información a FinCEN sobre las personas que en última instancia las poseen o las controlan. FinCEN comenzó a aceptar informes el 1 de enero de 2024. Las empresas que...more

Foodman CPAs & Advisors

BOI Compliance/Enforcement For Reporting Companies

Reporting companies are required to report information to FinCEN about the individuals who ultimately own or control them. FinCEN began accepting reports on January 1, 2024. Reporting Companies have a significant obligation...more

Goodwin

Corporate Transparency Act - Key Points

Goodwin on

Who must report? All US entities created by a filing made with a secretary of state, and all foreign entities registered to do business by the filing of a document with a secretary of state....more

Goodwin

UK Limited Partnership Reform Becomes Law: A Practical Guide of How Best To Get Ready To Comply

Goodwin on

The Economic Crime and Corporate Transparency Act (ECCTA) became law on 26 October 2023, having completed the legislative process and received Royal Assent. Part 2 of ECCTA introduces significant reforms to UK limited...more

Morrison & Foerster LLP

Beneficial Ownership Information: A Final Rule

Morrison & Foerster LLP on

On September 29, 2022, the Financial Crimes Enforcement Network (FinCEN) issued a final rule implementing beneficial ownership requirements for certain U.S. and foreign entities registered to do business in the United States,...more

Goodwin

UK Limited Partnership Legislative Reform Package Introduced in the Economic Crime and Corporate Transparency Bill

Goodwin on

​​​​​​​The Economic Crime and Corporate Transparency Bill (the Bill) includes a package of proposed legislative amendments to U.K. limited partnership (UKLP) law, substantially to tighten registration requirements and improve...more

Goodwin

FinCEN Issues Proposed Rule for Beneficial Ownership Information Reporting Requirements

Goodwin on

In This Issue. The Financial Crimes Enforcement Network (FinCEN) announced (1) a notice of proposed rulemaking for beneficial ownership information reporting requirements and (2) a regulatory process for new real estate...more

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