FinCEN extends deadline for new companies to file beneficial ownership reports ...Middle East

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FinCEN extends deadline for new companies to file beneficial ownership reports
The Treasury Department’s Financial Crimes Enforcement Network said Tuesday it’s extending the deadline for new reporting companies to file their initial beneficial ownership information reports. However, that doesn’t apply to existing companies. FinCEN said specifically, reporting companies created or registered in 2024 will have 90 calendar days from the date of receiving actual or public notice of their creation or registration becoming effective to file their initial reports. The beneficial ownership reporting requirement was mandated by the Corporate Transparency Act of 2021. It requires corporations, LLCs and other entities formed under state law or foreign law and registered to do b

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