Phillip Azzollini

Aug 1, 2024 | mondaq.com | Phillip Azzollini |Michael Didiuk |Melissa Goldstein |David S. Griffel

On July 24, 2024, the US Department of Treasury's Financial Crimes Enforcement Network ("FinCEN") issued updates to its Frequently Asked Questions ("FAQs") 1 regarding the beneficial ownership information ("BOI") reporting requirements of the Corporate Transparency Act (collectively, with its implementing regulations, the "CTA").2 These FAQs provide (i) clarity on the type of taxpayer identification number ("TIN") information required to be reported by an entity that is disregarded as an...