04/01/2025
For the companies that are supposed to report beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN), please note that on March 21st, 2025, a new “interim final” rule came out which removed these reporting requirements for US companies and US persons. Reporting now only applies to companies that were formed under the law of a foreign country and have registered to do business in the US. It is likely that this rule will be finalized this year.