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U.S. Office of Information and Regulatory Affairs Considering Beneficial Ownership Reporting Extension for Companies Created or Registered in 2024

|Proposed Changes|United States
United States

According to an update from the U.S. Office of Information and Regulatory Affairs (OIRA), proposed regulations are pending review that would extend the beneficial ownership reporting deadline for reporting companies created or registered in 2024. As previously reported, new beneficial ownership reporting requirements are effective from 1 January 2024, requiring certain entities to file reports with the Treasury Financial Crimes and Enforcement Network (FinCEN) that identify two categories o…

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