Media Mentions
10/01/2024
Shamim Mohandessi Discusses FinCEN Releasing Updated Version of FAQs on BOI in Financier Worldwide
Financier Worldwide quoted Shamim Mohandessi in its article, “Clarity and granularity: FinCEN updates BOI guidance,” in its October 2024 issue. Mohandessi discussed how the US Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) released an updated version of its frequently asked questions on Beneficial Ownership Information (BOI) – a comprehensive update intended to provide essential clarifications on a range of topics, including reporting companies and exemptions, beneficial owners and reporting requirements.
“The updates are designed to answer recurring questions posed to FinCEN staff and to generally help resolve uncommon fact patterns that cast uncertainty on compliance with the CTA.”