Non-compliance will result in fines of Sh5 million to Sh10 million and operational restrictions, including the inability to ...

FinCEN issued an interim final rule Friday removing the requirement for U.S. companies and U.S. persons to report beneficial ...

In a surprise announcement, the Trump Administration says it won’t apply the beneficial ownership requirements of the ...

Following announcements from the Financial Crimes Enforcement Network (“FinCEN”) on February 27, 2025, and the United States ...

So, why on earth did companies balk at the Beneficial Ownership Information (BOI) requirement of the U.S. Corporate Tax Transparency Act? And why did it come to a screeching halt over a tweet?

On March 2, the Treasury announced it will suspend enforcement of fines or penalties indefinitely for beneficial ownership information ...

Currently, the Ministry has set a fine of KD 1,000 for failing to disclose beneficial ownership information after a grace ...

The U.S. Congress started the BOI problem and now needs to fix it. We last visited FINCEN's Beneficial Ownership Information (BOI) reporting requirements in my article, The FINCEN Beneficial ...

The Kingdom of Saudi Arabia’s new UBO Rules, effective 3 April 2025, require most companies to disclose their UBOs to the ...

Following months of back-and-forth court rulings and delays, the U.S. Treasury De­­partment recently an­nounced it won’t ...

The Treasury Department set a March 21 deadline for businesses to report "beneficial ownership information" or risk civil and criminal penalties. It delayed the prior deadline by 30 days. The delay ...

After several months of back-and-forth court decisions and extended deadlines, the U.S. Treasury Department announced it ...