News & Media
ORLANDO, Fla. – Certain businesses have until January 1, 2025, to comply with the Financial Crimes Enforcement Network (FinCEN) Beneficial Ownership Information (BOI) Reporting Rule or face a $500 a day fine for non-compliance.
Join NAR’s Legal and Advocacy Team for a webinar on the BOI Reporting Rule on Tuesday, December 10, 2024, from 2-3 p.m. EST. This webinar will provide real estate professionals and association staff with an overview of FinCEN’s Beneficial Ownership Information Reporting Rule and clarify what is required under the rule.
Started under the bipartisan Corporate Transparency Act, BOI reporting requires some companies operating in the U.S. to disclose key ownership information to curb financial crimes, such as money laundering, tax fraud and financing terrorism.
Read more about the reporting requirements:
Real estate professionals and association staff alike will benefit from NAR’s webinar to understand what entities are covered under the BOI Reporting Rule and what resources exist to help ensure timely reporting.
More information can also be found on the FinCEN BOI site here.
*Please note: This session is for informational and educational purposes only and does NOT constitute legal advice.
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