Are you ready for the FinCEN reporting deadline on January 1, 2024?

Most businesses need to report beneficial ownership data by 2024. We can help you navigate, automate and streamline the reporting process, ensuring you're in compliance with FinCEN's Beneficial Ownership rule.

The Rule

What is the New FinCEN Rule?

Starting January 1, 2024, the Financial Crimes Enforcement Network (FinCEN) will require all corporations and limited liability companies registered to do business in the US to report beneficial ownership information to the government.

The Details

Who Needs to Comply?

US and foreign corporations and limited liability companies registered to do business in the US are subject to the new rule. Some entities, including banks and insurance companies, who report their beneficial ownership elsewhere are exempt from reporting to FinCEN. If you haven’t reported beneficial ownership information to a government agency before, you are probably not exempt.

Features

Streamline Your Compliance

Our platform simplifies the process of collecting, managing and reporting beneficial ownership information.

Automated Reporting

Enter your business details once, and our system will automatically generate and submit your BOI report to FinCEN.

Beneficial Owner Tracking

Identify and record all beneficial owners as per FinCEN's definition.

Secure Data Handling

We prioritize your security. All sensitive data is encrypted and securely stored.

Reminders and Notifications

Never miss a deadline again with reminders for report submissions, updates, and any changes in regulations.

Compliance Updates

Stay up-to-date with any changes in FinCEN regulations. Our system is regularly updated to reflect the latest rules and guidelines.

Ready to simplify your compliance journey?

Meeting the new FinCEN requirements doesn't have to disrupt your business operations. Navigate the new rules with ease and ensure your business is ready for 2024—contact our team today.

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Accreditation verifications are completed through FM (USA), LLC, an affiliated entity, and a registered broker-dealer and member FINRA/SIPC. Neither Parallel Markets Inc., FM (USA), LLC, nor their affiliates provide any investment advice or make any investment recommendations to any persons, ever, and no communication through this website or in any other medium should be construed as such. By accessing this site and any pages thereof, you agree to be bound by our Terms of Service and Privacy Policy.

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