What is FinCEN?

FinCEN is the U.S. Department of the Treasury's Financial Crimes Enforcement Network.  FinCEN is tasked with implementing and enforcing parts of the Corporate Transparency Act and has adopted certain beneficial ownership reporting rules effective as of January 1, 2024.

Related FAQs

• What is the Corporate Transparency Act (CTA)?
• What is the Corporate Transparency Act (CTA) Beneficial Ownership Information (BOI) reporting rule?
• What is the FinCEN beneficial ownership reporting rule?
• If my company must make a FinCEN beneficial ownership report, when is it due?
• What is a “company applicant” under the FinCEN beneficial ownership reporting rules?
• Are some companies exempt from the FinCEN beneficial ownership reporting rule?
• How does the FinCEN beneficial ownership reporting rule “large operating company” exemption work?
• Do wholly owned subsidiaries have to file the beneficial ownership report to FinCEN?
• What is a “FinCEN identifier?”
• If required, how can I file a FinCEN beneficial ownership report for my company?
• What information must be included in a FinCEN beneficial ownership report for the reporting company?
• What information must be included in a FinCEN beneficial ownership report about each beneficial owner of the reporting company?
• What information must be included in a FinCEN beneficial ownership report about its company applicants?
• Do I have to update a FinCEN beneficial ownership report?  If so, when?

Related Resources

• Orrick’s Corporate Transparency Act (CTA) Resource Center
• Orrick’s FinCEN Beneficial Ownership Reporting Tool
• FinCEN Beneficial Ownership Information (BOI) Website
• FinCEN Beneficial Ownership Information Reporting FAQs
• FinCEN Small Entity Compliance Guide