Nikki Embry’s Post

🚨 Why FinCEN Matters 🚨 The Financial Crimes Enforcement Network (FinCEN) fights financial crime by ensuring transparency 🛡️. Starting Jan. 1, 2024, many U.S. businesses must file Beneficial Ownership Information (BOI) 📝 under the Corporate Transparency Act. 💡 Why It’s Important: This rule helps prevent money laundering, tax evasion, and illegal shell companies, keeping the financial system secure 🔒. Transparency = Trust 💼 Let’s stay compliant and protect our economy! #CTA #FinCEN #Compliance

In a recent blog, Moody's says “The Beneficial Ownership Information reporting framework established by the CTA is a crucial step toward transparency and accountability put in place by the US authorities.” With the introduction of the Corporate Transparency Act, 2024 brings new requirements for companies to disclose their beneficial owners to FinCEN. This mandate aims to combat illicit activities by increasing transparency in company ownership structures. Beneficial ownership information includes details about individuals who directly or indirectly own or control a company. This data is crucial for identifying true business owners, building trust, and managing risk. Accurate BOI is vital for financial institutions, governments, and businesses to perform effective due diligence and comply with regulations. Learn more in the comments! #FileWithConfidence #FinCEN #CapitalMarkets #Business

🚨 Attention Business Owners 🚨 Are you aware of the latest Beneficial Ownership Information Reporting requirement? It’s an important step in combating financial crimes. As of the first of the year, businesses are required to file a report with FinCEN, a bureau of the U.S. Department of the Treasury. Adhering to this regulation is essential for maintaining your business’s legal compliance. If you have any questions, don’t hesitate to reach out! Click ⬇️ to learn more: https://www.fincen.gov/boi #HeritageHelps

Stay ahead of the curve on the Corporate Transparency Act (CTA). Join us for an insider's look at the new beneficial ownership reporting requirements. FinCEN's Jared Elosta will provide a CTA update and answer key questions to help counsel navigate the new workflows. Register now for this can't-miss 30-minute webinar: https://bit.ly/3wGo3gA #LexisNexis #CorporateTransparencyAct #FinCEN #legalwebinar

FinCEN now requires certain businesses to disclose beneficial owners' info starting January 1, 2024. This change aims to prevent illegal financial activities. Learn how this impacts you. https://lnkd.in/emeK5AXW #CorporateTransparency #FinCEN #BusinessCompliance

FinCEN has issued an alert acknowledging the nationwide injunction currently halting the enforcement of the Corporate Transparency Act. Read a summary on this latest update authored by Sasha Pezenik and Adam Bouvier and recommendations for companies previously required to file. https://lnkd.in/e9inNUXb #CTA #FinCen #CorporateLaw

Stay ahead of the curve on the Corporate Transparency Act (CTA). Join us for an insider's look at the new beneficial ownership reporting requirements. FinCEN's Jared Elosta will provide a CTA update and answer key questions to help counsel navigate the new workflows. Register now for this can't-miss 30-minute webinar: https://bit.ly/3wGo3gA #LexisNexis #CorporateTransparencyAct #FinCEN #legalwebinar

FinCEN has updated requirements for reporting beneficial ownership information for financial institutions and their clients. Discover the key details and how this affects you. https://buff.ly/46pOVPw #FinCEN #Compliance #FinancialInstitutions #Regulations

Stay ahead of the curve on the Corporate Transparency Act (CTA). Join us for an insider's look at the new beneficial ownership reporting requirements. FinCEN's Jared Elosta will provide a CTA update and answer key questions to help counsel navigate the new workflows. Register now for this can't-miss 30-minute webinar: https://bit.ly/3wGo3gA #LexisNexis #CorporateTransparencyAct #FinCEN #legalwebinar

Looking for some basic information about the Corporate Transparency Act? FinCEN is hosting a virtual session this week on Sept 25: https://lnkd.in/eE4GGFBY #CTA #BOI #corporatetransparencyact #beneficialownershipinformation #beneficialowners #BOIreporting #taxcompliance