As we all know that the principal reason for FinCEN reporting is  to ensure transparency and accountability, and  FinCen reporting requirements applies to a wide range of financial institutions. 

Financial Crimes Enforcement Network, otherwise known as “FinCEN” plays a significant role when it comes to safeguarding the U.S. financial system from unlawful activities. The US Treasury has established a new Beneficial Ownership Report under the Corporate Transparency Act for businesses. The purpose of this report is to help prevent financial crimes such as money laundering, human trafficking and shell companies.  This new rule also helps minimize the burden placed on small businesses and other reporting organizations. This training will provide a comprehensive outline of the BOIR reporting rule, what must be included in the report, and the specific categories of owners.

• An Overview of The FinCen Reporting Requirements for businesses
• Learn about the new alert that was just released by the Financial Crimes Enforcement Network and how to protect your company
• Who is required to file and critical upcoming deadlines
• What is the FinCen reporting rule and how to comply
• Frequently Asked Questions Surrounding Beneficial Ownership reporting

Non-Compliance with The Beneficial Ownership reporting requirement (under The Corporate Transparency Act also sometimes called “The FinCEN Corporate Transparency Act) could result in steep daily fines and even up to two years of imprisonment. This training will provide key information that organizations need to know about filing deadlines, penalties, and an overview of Beneficial Ownership reporting details. The speaker will also gain insightful information on the 

• All levels of HR
• Safety Managers
• Business Owners
• CFO’s
• CEOs’
• Managers
• Supervisors
• Business and Financial Officials