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FinCEN issues initial reporting guidance for UBO info

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 also wants your input on the UBO report itself

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 […]

Real Estate Broker fined CAD101,227 by FINTRAC

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 […]

Yesterday, an ANPRM – today, a NPRM…

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 […]