Beneficial Owners Reporting Information

Beneficial Owners Reporting Information

Small Business Owners: As of January 1, 2024, many companies in the United States will have to report information about their beneficial owners, i.e., the individuals who ultimately own or control the company. This information will have to be reported to the Financial Crimes Enforcement Network (FinCEN). Here are some quick FAQs to provide more details and next steps: https://www.fincen.gov/boi-faqs  

Bank of the Valley: Member FDIC, Equal Housing Lender