Beneficial Ownership Information
As of January 1, 2024, many companies doing business in the United States must report information about their beneficial owners—the individuals who ultimately own or control the company—to the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). Additional information is available at fincen.gov/boi. Subscribe to FinCEN Updates for future guidance documents.
This information differs slightly from the Beneficial Ownership Information we collect at account opening.
Companies that are required to comply (“reporting companies”) must file their initial reports by the following deadlines:
- Existing companies: Reporting companies created or registered to do business in the United States before January 1, 2024 must file by January 1, 2025.
- Newly created or registered companies: Reporting companies created or registered to do business in the United States in 2024 have 90 calendar days to file after receiving actual or public notice that their company’s creation or registration is effective.
Go to fincen.gov/boi to determine if your new entity needs to report information about its beneficial owners—the real people who ultimately own or control the company—to the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN).
Beneficial ownership information reporting is not an annual requirement. A report only needs to be submitted once, unless the filer needs to update or correct information.
Start here to learn: Beneficial Ownership Reporting - Key Questions
More Information
Brochure: An introduction to Beneficial Ownership Informaption Reporting ( availaible in multiple languages)
Guide: Small Entity Compliance Guide (availiable in multiple languages)
Answers to Frequently Asked Questions (availiable in multiple languages)