The Financial Crimes Enforcement Network (FinCEN) in the US has published an updated set of frequently asked questions (FAQs) on 18 April 2024 pertaining to the beneficial ownership information (BOI) reporting rule under the Corporate Transparency Act (CTA).
This marks FinCEN’s first update to the FAQs since January 2024.
One of the updates to the FAQs further clarifies that a beneficial owner will always be a natural person, and that intermediate entities do not ...
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Stately home owners risk handing over millions to unprepared heirs as great wealth transfer looms
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