Services

FinCEN
Financial Crimes & Enforcement Network

Mission

The mission of the Financial Crimes Enforcement Network is to safeguard the financial system from illicit use, combat money laundering and its related crimes including terrorism, and promote national security through the strategic use of financial authorities and the collection, analysis, and dissemination of financial intelligence.

Beneficial Ownership Information Reporting (BOI)

  • Under the Corporate Transparency Act (CTA) companies have to report beneficial ownership information to the U.S. Department of the Treasury.
  • Beneficial ownership information refers to identifying information about the individuals who directly or indirectly own or control a company.
  • Companies created or registered before January 1, 2024, will have until January 1, 2025, to file the beneficial ownership information report.
  • Companies created or registered on or after January 1, 2024, and before January 1, 2025, will have 90 calendar days after receiving notice of the company’s creation or registration to file its initial BOI report.
  • Companies created or registered on or after January 1, 2025, will have 30 calendar days from actual or public notice that the company’s creation or registration is effective to file their initial BOI reports with FinCEN.
  • Companies required to report are called reporting companies. There are two types of reporting companies: Domestic are corporations, limited liability companies, and any other entities created by the filing of a document with a secretary of state or any similar office in the United States. Foreign are entities (including corporations and limited liability companies) formed under the law of a foreign country that has registered to do business in the United States by the filing of a document with a secretary of state or any similar office.
  • How to file?https://www.fincen.gov/boi