FinCEN Publishes Beneficial Ownership Reporting Outreach and Education Toolkit
September 19, 2024 WASHINGTON—The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued another resource to familiarize small business owners with beneficial ownership reporting requirements. T hese reporting requirements are mandated by the Corporate Transparency Act, a bipartisan law enacted to curb illicit finance by supporting law enforcement efforts. This law requires many small businesses to report basic information to the Federal government about the real people who ultimately own or control them. The toolkit contains templates and sample content that has been structured to allow private, public, and non-profit organizations to share and amplify this important information . The toolkit includes general background on the reporting requirements, as well as templates for newsletters, websites, and emails; sample social media posts and images; and information on how to contact FinCEN. The toolkit furthers FinCEN’s o...