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FinCEN Updates CTA Beneficial Ownership FAQs

By Randi Morrison posted 07-22-2024 07:23 PM

  

On July 8, FinCEN posted updated Beneficial Ownership Information FAQs. The updated FAQs (search “July 8”) address, among other topics, the application of the reporting requirements to companies created or registered before the CTA was enacted and those that cease to exist as legal entities.

See “FinCEN Clarifies that Dissolved Entities are Subject to CTA Reporting Obligations” (Proskauer) and additional resources on our Corporate Transparency Act page.

                         This content first appeared in the Society Alert!

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