AICC Members May Be Required to File a Beneficial Ownership Information (B.O.I) Report

AICC Members May Be Required to File Information Under the Beneficial Ownership Information (B.O.I)

Effective January 1, 2024, many companies in the United States must report information about their beneficial owners—the individuals who ultimately own or control the company—to the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury. Filing is simple, secure, and free of charge. Beneficial ownership information reporting is not an annual requirement. Unless a company needs to update or correct information, a report only needs to be submitted once. Filing period opens January 1, 2025.

See FAQs here to determine your requirements, if any, Beneficial Ownership Information | FinCEN.gov

Here is a link to the B.O.I., Beneficial Ownership Information Reporting | FinCEN.gov