FinCEN Removes Beneficial Ownership Reporting Requirements for U.S. Companies - CollisionWeek

US Treasury's financial crimes unit won't require ownership reporting from US firms

FinCEN Removes Beneficial Ownership Reporting Requirements for U.S. Companies - CollisionWeek

Interim final rule changes definition of reporting company to include only foreign entities. The Financial Crimes Enforcement Network (FinCEN) has issued an interim final rule that dramatically changes the scope of beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act. This significant regulatory shift exempts all U.S. companies and U.S. persons from BOI …