Do you own 25% or more of a business OR exercise substantial control over a
If so, you may be required to file a report including beneficial ownership information under the United State Treasury’s Financial Crimes Enforcement Network (“FINCEN”) beginning on January 1, 2024. Failure to file may subject reporting companies with fines of up to $500.00 per day, up to $10,000 and possible imprisonment of 2 years. This new reporting requirement is part of the Anti-Money Laundering Act in an effort to further protect the U.S. national security and the U.S. financial system.
Continuing Education Offered: 1.00 HRCI, 1.00 SHRM, 1.00 CLE per attendee request prior to event, 1.00 CPE, and 1.00 HR & Management/Supervision
Compliance Certificate Credit.