Your Trusted Partner for CTA Compliance
Starting January 1, 2024, the Corporate Transparency Act (CTA) requires certain U.S. business entities to file beneficial ownership information (BOI) reports with the Financial Crimes Enforcement Network (FinCEN). This critical federal law aims to combat financial crimes like money laundering, tax fraud, and human trafficking.
At FinCEN Report, we understand that navigating these new compliance requirements can seem daunting. That’s why we’ve developed a secure, user-friendly platform designed to make your compliance journey straightforward and stress-free. Whether you’re a business owner or a business advisor managing compliance for multiple clients, our tailored solutions ensure you and your clients stay compliant with ease.
FinCEN Report makes filing BOI reports simple and secure.
Key Deadlines & Enforcement
EXISTING BUSINESSES
Formed before January 1, 2024 must file an initial BOI report no later than January 1, 2025.
NEW BUSINESSES
Formed on or after January 1, 2024 must file an initial BOI report within 90 days after formation.
FAILURE TO COMPLY
May bring a fine of $500/day and/or a possible felony with up to 2 years in prison.
AMENDMENT REQUIRED
Within 30 days after any change in previously-reported data or any change in beneficial ownership.
Making Corporate Transparency Act Compliance Easier for Everyone
To help fight money laundering and other financial crimes, in 2020 Congress passed the Corporate Transparency Act. This new law requires the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) to compile a database of U.S. businesses and their beneficial owners.
Since government registration processes can be cumbersome for busy business owners, and the professionals that work with them, we’ve developed a solution that makes the process easy for all involved.
We have answers to the most Frequently Asked Questions.
Our FAQs help you get informed and prepare for CTA Compliance.