Treasury Regulatory Agenda Mentions Effort to Finalize BOI Reporting Rule
The Treasury Department's spring 2025 regulatory agenda for the Financial Crimes Enforcement Network includes one new mention of a rule to finalize the agency's beneficial ownership information reporting rule.
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FinCEN issued an interim final rule earlier this year that removed a Biden-era requirement for U.S. companies and persons to report their beneficial ownership information to FinCEN, revising the reporting requirement to apply only to foreign firms (see 2503030042). The agency's agenda said it "intends to issue a final rule this year" and is aiming for October. The FinCEN director told lawmakers earlier this month that the agency was reviewing public comments on the interim final rule to help write a final rule (see 2509090044).
The rule was partly intended to help the government prevent sanctioned parties and others from hiding money or property in the U.S.