A Treasury Department unit issued new materials Monday to help companies comply with new requirements that will soon require them to disclose more about who owns them.
Treasury’s Financial Crimes Enforcement Network, or FinCEN, expanded a frequently asked questions list on its website Monday about the new “beneficial ownership” disclosure requirements. FinCEN also issued a compliance guide to the new rules for small businesses, to help them determine if they’re required to report the information.
The expanded FAQs and the compliance guide contain more information about who has to report the information and who can access it. Starting next year, ...
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