Monthly Archives: November 2022

FinCEN Issues Final Beneficial Ownership Rule

On September 22, 2022, the Financial Crimes Enforcement Network (“FinCEN”) of the U.S. Department of the Treasury issued a final rule (the “Rule”) under the Anti-Money Laundering Act and the Corporate Transparency Act thereof. The Rule requires certain entities to report beneficial ownership. “Reporting companies” are (i) domestic entities created by filing with a state… Read more »