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Treasury’s FinCEN Launches Nationwide Public Service Announcements to Inform Business Owners about Beneficial Ownership Reporting Requirements

Norly editor ~ 8/19/2024
August 8 , 2024 Radio and TV PSAs Boost Ongoing Outreach and Education CampaignBusiness Owners Can Visit Fincen.gov/BOI for More Information on Filing [ embed ] https : //www.youtube.com/watch ? v=sXv_uOgpNGg [ /embed ] WASHINGTON – Today , the U.S. Treasury Department ’ s Financial Crimes Enforcement Network ( FinCEN

Radio and TV PSAs Boost Ongoing Outreach and Education Campaign

Business Owners Can Visit Fincen.gov/BOI for More Information on Filing

[embed] – Today, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) announced the launch of a public service announcement (PSA) campaign as part of its ongoing efforts to educate the small business community about new beneficial ownership reporting requirements. To directly reach business owners, educate stakeholders about these reporting requirements, and encourage compliance, television and radio PSAs are now running nationwide in tandem with digital and print ads.

Under the bipartisan Corporate Transparency Act, enacted in 2021 to curb illicit finance, many companies are required to report basic information to FinCEN about the individuals who ultimately own or control them. Filing is simple, secure, and free of charge. The filing deadline for most companies that are required to report is January 1, 2025.

As part of this initiative, Treasury and FinCEN officials have participated in more than 130 in-person and virtual engagements this year to educate business owners and other stakeholders about beneficial ownership reporting. Additional ongoing efforts include intergovernmental partnerships such as with the IRS and Small Business Administration; collaborations with Secretaries of State and members of Congress; and engagement with industry groups.

Since opening the database for filings on January 1, 2024, FinCEN has received millions of Beneficial Ownership Information Reports, including from companies in all 50 U.S. states. 

YouTube Video Thumbnail

rel="nofollow noopener" target="_blank">View the new television PSA, “Café Conversations,” here.

A select list of upcoming public engagements is available on FinCEN’s website.

FinCEN’s E-Filing system, along with more information about deadlines and who needs to report beneficial ownership information, is available at fincen.gov/boi.

Additional Information: 

rel="nofollow noopener" target="_blank">Beneficial Ownership Information – Café Conversations (Spanish)
  • Video:  YouTube Video Thumbnail
  • rel="nofollow noopener" target="_blank">Five-Minute Demo: How to File a Beneficial Ownership Information (BOI) Report
  • Monthly Roundup of Beneficial Ownership Reporting Outreach Activities and Preview of Upcoming Events (July)
  • Small Entity Compliance Guide
  • ### Use featured image Off Official news published at https://home.treasury.gov/news/press-releases/jy2530

    Photo by RDNE Stock project via Pexels

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