The decision to stop requiring U.S. companies to report beneficial ownership information is misguided. The compliance burden ...

The digital storage of company information and, particularly, identity verification systems show a much steeper decline in ...

As we previously discussed, the Financial Crimes Enforcement Network (FinCEN) published an interim final rule (IFR) on March 26 that narrowed ...

Step-by-step guide to submit beneficial ownership details to avoid M-Pesa Paybill, till suspension following Safaricom's ...

Entities have ongoing obligations to keep beneficial ownership information up to date. Legislative developments have clarified what information needs to be reported for trusts and deemed ...

A Trump administration rule has exempted most businesses from part of the Corporate Transparency Act. The U.S. Treasury ...

On March 21, 2025, the Treasury Department/FinCEN released a final rule that eliminates the beneficial ownership information (BOI) reporting requirement for domestic companies and U.S. persons ...

Safaricom has warned businesses using M-Pesa to submit Beneficial Ownership Declarations by April 30 or face suspension of ...

The Biden-administration era Corporate Transparency Act went into effect on Jan. 1, 2024, and required certain businesses to submit beneficial ownership information reports to the Financial Crimes ...

The Office of Chief Counsel approves accrual of liability, distinguishing the situation in a CCA from that of Giant Eagle, Inc. FinCEN, which oversees beneficial ownership information reports, has ...