WHITE PAPER

BOI: What Treasurers Need to Know Now

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.

Please note: This content was originally published prior to significant changes to Beneficial Ownership Information (BOI) reporting requirements. While it provides useful background and context on BOI, some of the information regarding current reporting requirements, exemptions, deadlines, and compliance obligations may no longer be applicable. Before relying on any information in this paper, please consult the latest guidance from the Financial Crimes Enforcement Network (FinCEN).

PODCAST EPISODE

Navigating New Reporting Requirements and Financial Transparency: Beneficial Ownership Information Reporting (BOI)

WEBINAR REPLAY

FBAR & BOI