satoshipacioli on Nostr: 👥 FinCEN Compliance: Required Information To comply with FinCEN’s new rule, ...
đź‘Ą FinCEN Compliance: Required Information
To comply with FinCEN’s new rule, businesses must report “Beneficial Owners” (anyone with at least 25% ownership or control) and, for 2024 registrations, information on “Company Applicants.” Be prepared to upload a U.S. passport or driver’s license for these individuals. This is a one-time filing, though any changes in ownership or company details will need to be updated within 30 days.
To comply with FinCEN’s new rule, businesses must report “Beneficial Owners” (anyone with at least 25% ownership or control) and, for 2024 registrations, information on “Company Applicants.” Be prepared to upload a U.S. passport or driver’s license for these individuals. This is a one-time filing, though any changes in ownership or company details will need to be updated within 30 days.