Final rule will eliminate BOI reporting for US entities
Thomas C. Lamey, CPA
The Financial Crimes Enforcement Network (FinCEN) will issue a
final rule
(RIN 1506-AB67) that permanently removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act, Title 64 of P.L. 116-283, Treasury said Tuesday in a
news release
.
