Beneficial Ownership
FinCEN Issues Initial Beneficial Ownership Information Reporting Guidance Immediate Release March 24, 2023 WASHINGTON—Today, the Financial Crimes Enforcement Network (FinCEN) published its first set of guidance materials to aid the public, and in particular the small business community, in understanding upcoming beneficial ownership information (BOI) reporting requirements taking effect on […]
FinCEN Issues Alert on Potential U.S. Commercial Real Estate Investments by Sanctioned Russian Elites, Oligarchs, and Their Proxies Today, the Financial Crimes Enforcement Network (FinCEN) is issuing an alert to financial institutions regarding potential investments in the U.S. commercial real estate sector by sanctioned Russian elites, oligarchs, their family members, […]
FinCEN Issues Alert on Potential U.S. Commercial Real Estate Investments by Sanctioned Russian Elites, Oligarchs, and Their Proxies Today, the Financial Crimes Enforcement Network (FinCEN) is issuing an alert to financial institutions regarding potential investments in the U.S. commercial real estate sector by sanctioned Russian elites, oligarchs, their family members, […]
FinCEN Requests Comments on the Proposed Report to Collect Beneficial Ownership Information from Reporting Companies On January 17, 2023, the Financial Crimes Enforcement Network (FinCEN) will publish a Paperwork Reduction Act notice (the “notice”) seeking comment on the mechanism that FinCEN proposes to use to collect beneficial ownership information from […]
FinCEN Requests Comments on the Proposed Application that Individuals Will Use to Obtain a FinCEN Identifier in Connection with the Beneficial Ownership Information Reporting Requirements On January 17, 2023, the Financial Crimes Enforcement Network (FinCEN) will publish a Paperwork Reduction Act notice (the “notice”) seeking comments to the application that […]
Mr. Watchlist notes: 4 of 6 FINTRAC Enforcement Actions in 2021 involved real estate companies, and at least 4 of the 13 this year do (based purely on seeing the name Realty or similar in the name – there might be more). FINTRAC imposes an administrative monetary penalty on Cathay […]
FINTRAC imposes an administrative monetary penalty on 9293-0809 Québec Inc. News Release May 10, 2022, Ottawa Ontario FINTRAC announced today that it has imposed an administrative monetary penalty on 9293-0809 Québec Inc., also operating as Groupe Sam’s Globale. This real estate broker in Montréal, Quebec, was imposed an administrative monetary penalty of $101,227 on […]
News story New measures to tackle corrupt elites and dirty money become law The Economic Crime (Transparency and Enforcement) Bill receives Royal Assent.From:Home Office, Department for Business, Energy & Industrial Strategy, The Rt Hon Kwasi Kwarteng MP, The Rt Hon Rishi Sunak MP, and The Rt Hon Priti Patel MPPublished15 March 2022 Getty Images […]
Fact Sheet: Beneficial Ownership Information Reporting Notice of Proposed Rulemaking (NPRM) Immediate ReleaseDecember 07, 2021 Millions of corporations, limited liability companies, and other entities are formed within the United States each year. While such entities play an essential and legitimate role in the U.S. and global economies, they can also […]
FinCEN Issues Proposed Rule for Beneficial Ownership Reporting to Counter Illicit Finance and Increase Transparency Contactpress@fincen.govImmediate ReleaseDecember 07, 2021 WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today issued a Notice of Proposed Rulemaking (NPRM) to implement the beneficial ownership information reporting provisions of the Corporate Transparency Act (CTA). The proposed rule is designed […]
Mr. Watchlist 