The Financial Crimes Enforcement Network (FinCEN) today will host a webinar on beneficial ownership information (BOI) reporting requirements. The webinar will begin at 2 p.m. Eastern and is available on FinCEN’s YouTube channel.
In February, FinCEN passed a final rule on BOI access to govern who can access BOI and how it can be accessed. America’s Credit Unions broke down FinCEN’s final rule on its Compliance Blog. Notably, “[t]he rule requires a credit union to obtain the consent of the reporting company before FinCEN will allow the credit union to access that company’s BOI.”
FinCEN has also provided resources, including an overview of BOI and a small entity compliance guide.
