#FinancialRegulation – BOI Reporting Pros

FinCEN Clarifies BOI Reporting with Outreach Events

BOIR Webmaster / August 18, 2024

Confused about the new Beneficial Ownership Information (BOI) requirements? You’re not alone. The BOI rules, enacted under the Corporate Transparency Act, require certain companies to report their ownership details to FinCEN. This transparency is crucial in the fight against financial crime. The BOI reporting requirements, enacted under the Corporate Transparency Act, require certain companies to […]

How does the Alabama Federal Court decision impact BOI Reporting?

The Beneficial Ownership Information Reporting rule (BOI), implemented in January 2024, aims to increase transparency by requiring companies to report their true owners. This helps authorities fight financial crime. However, the rule faces legal challenges. On March 1, 2024, a federal court in Alabama ruled the law behind BOI, the Corporate Transparency Act (CTA), unconstitutional.