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FinCEN Needs to Define “Substantial Control” in Regulations

In its Advance Notice of Public Rulemaking, FinCEN asked for comment on 48 separate questions arising under the Corporate Transparency Act (the "Act"). FinCEN Report Company has recently submitted written comments on the question of the meaning of "substantial control" in the Act. The Act defines the “beneficial owner” of an entity, subject to certain

By |2021-10-02T20:03:29+00:00April 27th, 2021|Categories: corporate transparency act, FinCEN, makes public comments, Uncategorized|Tags: , , , , |Comments Off on FinCEN Needs to Define “Substantial Control” in Regulations

FinCEN Report Company Submits Comments

FinCEN Report Company, the leading provider of filing services for beneficial ownership reports under the Corporate Transparency Act of 2020 (the "CTA"), has filed comments on the new law. FinCEN stands for the "Financial Crimes Enforcement Network," an agency of the U.S. Treasury Department. The CTA requires private companies in the U.S. to file a

By |2021-10-02T20:03:29+00:00April 24th, 2021|Categories: corporate transparency act, FinCEN|Tags: , |Comments Off on FinCEN Report Company Submits Comments

FinCEN Issues Advanced Notice of Public Rulemaking on CTA Beneficial Ownership Reporting Requirements

FinCEN Issues Advanced Notice of Public Rulemaking on CTA Beneficial Ownership Reporting Requirements FinCEN - the Financial Crimes Enforcement Network - announced on April 1, 2021 its Advanced Notice of Public Rulemaking on the implementation of the beneficial ownership reporting requirements created by the 2020 Corporate Transparency Act. Comments are due by May 5, 2021.

By |2021-10-02T20:03:30+00:00April 10th, 2021|Categories: corporate transparency act, FinCEN|Tags: , , |Comments Off on FinCEN Issues Advanced Notice of Public Rulemaking on CTA Beneficial Ownership Reporting Requirements
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