BOI: What Treasurers Need to Know

Beneficial ownership information (BOI) is a new US regulatory requirement promoting transparency and accountability. By requiring legal entities to disclose accurate and complete information about their ultimate owners and controllers, BOI helps fight financial crimes such as money laundering and corruption. Joining over 30 other countries that already have BOI registers, the US has issued its Final Rule on BOI, with mandated reporting going into effect January 1, 2024.

This white paper provides an overview of the Final Rule, which companies need to report, what information must be reported, upcoming deadlines, and estimated time for filing.