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The Independent Community Bankers of America welcomes the opportunity to respond to the Financial Crimes Enforcement Network’s notice of proposed rulemaking to amend the beneficial ownership information reporting rule.
FinCEN proposes to extend the filing deadline to report BOI for entities (or reporting companies) created or registered on or after of January 1, 2024, from 30 days to 90 days.
Entities created or registered on or after January 1, 2025, would have 30 days to file their BOI reports, as required under the Reporting Rule.