What is FinCEN? (Corporate Transparency Act)

Under the new Corporate Transparency Act, companies will be required to report their beneficial ownership information to the Financial Crimes and Enforcement Network (FinCEN). But what is FinCEN? And what exactly does FinCEN do?
FinCEN is a part of the U.S. Department of the Treasury, and focuses on financial crime prevention and anti money laundering compliance. The Corporate Transparency Act regulations will require FinCEN to store companies beneficial ownership information, and only certain governmental bodies and institutions will be able to access the information.
But will there be any FinCEN leaks? Only time will tell…
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DISCLAIMER: The contents of this video are NOT LEGAL ADVICE and do not apply to your specific circumstances. This information is provided for general informational and educational purposes only. Viewing this video DOES NOT CREATE AN ATTORNEY-CLIENT RELATIONSHIP. We highly encourage you to seek professional legal advice before acting or relying on any information contained in this video.

[@monsijimenez6980]

Hello! Do you need to file a BOIR for an LLC that went out of business in 2023?

[@emadhaq2314]

Hello, need to ask if anyone from the America is operating a business overseas and do not pay employees for more than 60 days? How we can complain and release salary?

[@TJ-spirit]

How do i update information?

[@coachtanishamarie]

Robbing us

[@zorfaV-ziqtys-7nofda]

Why do only people who claim the authority to intentionally injure people have access to information regarding the persons who benefit from owning property?

[@Mr.Incognito11]

Solid anti-concept.

[@BarronBarca]

Great seriously finally a law that surveils corporations the same as people.

[@cvltmxnd5018]

Not great!! The large corporations are exempt. It's just for the small guys, that's all.

[@robertdema]

Can't this be fought?

[@-.-_123]

I predict a future data breach.

[@dracosirccpent]

I love fincen 😂😂😂😂😂😂😂😂😂😂😂😂😂 no cap we just getting started foo 😅

[@BRANDENXPRATT]

what so lit about it ?