The Financial Crimes Enforcement Network began accepting beneficial ownership information reports.

Background: The agency’s September 2022 BOI reporting rule requires most U.S. corporate entities to report to FinCEN information about their beneficial owners—those who ultimately own or control the company.


  • Reporting companies created or registered to do business in the United States before Jan. 1, 2024, must file by Jan. 1, 2025.

  • Reporting companies created or registered in 2024 have 90 calendar days to file after receiving actual or public notice that their company’s creation or registration is effective.

ICBA View: ICBA has repeatedly called on FinCEN to withdraw beneficial ownership requirements for banks now that it is required to collect this information directly from reporting companies.