Posts

On Friday, the Financial Crimes Enforcement Network (FinCEN) issued a notice to financial institution customers about reporting beneficial ownership information. The Corporate Transparency Act (CTA) requires many companies doing business in the United States to report information about who ultimately owns or controls them to FinCEN. For most companies, the deadline to report is January 1, 2025. Failure to report before the deadline could result in penalties.

These new requirements are separate from similar ones already imposed on certain financial institutions. The notice answers questions about the new requirements, highlights the differences between new and existing requirements, and contains resource links for assistance in filing.

Keep Exploring

Related Posts

April 2, 2025

HUD Secretary Scott Turner to be Keynote Speaker at 2025 Congress & Expo

U.S. Housing and Urban Development (HUD) Secretary Scott Turner will give the keynote address at this year’s Congress & Expo.

February 10, 2025

Scott Turner Confirmed as New HUD Secretary

The Senate voted to confirm Scott Turner to serve as Secretary of the Department of Housing and Urban Development (HUD).

MHI Winter Meeting Advances Key Industry Initiatives Through Collaboration

The MHI Winter Meeting in San Antonio brought together industry leaders and innovators for two and a half days of collaboration and strategic discussions.

April 2, 2025

HUD Secretary Scott Turner to be Keynote Speaker at 2025 Congress & Expo

U.S. Housing and Urban Development (HUD) Secretary Scott Turner will give the keynote address at this year’s Congress & Expo.

March 20, 2025

Government Task Force to Use Federal Lands for Affordable Housing

On Monday, the U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner and U.S. Department of the Interior (DOI) Secretary Doug Burgum announced the creation of a Joint Task Force on Federal Land for Housing.

March 6, 2025

HUD Awards $2.5 Million to Support Housing in Disaster Areas

RUSH funding will help people in North Carolina, South Carolina and Texas who are homeless or at risk of homelessness and have needs not fully met by existing federal disaster relief programs.