Boi Reporting 2024 Penalty Rate. People who form new reporting companies must file a beneficial ownership information (boi) report with the department of the treasury’s financial crimes enforcement. Many companies are required to report information to fincen about the individuals who ultimately own or control them.

Today, the financial crimes enforcement network (fincen) issued a final rule implementing the bipartisan corporate transparency act’s (cta) beneficial ownership. Understand deadlines, penalties, and compliance strategies to stay compliant.