The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) has published new and updated FAQs on the beneficial ownership reporting requirements that apply from 1 January 2024. The new FAQs, issued on 18 April 2024, include information on reporting companies, beneficial owners, reporting requirements, initial reports, and reporting company exemptions, as well as a new section on access to beneficial ownership information. The new FAQs are as follows:
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C. 8. Do the BOI…