Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
FinCEN guidance on Beneficial Ownership Info Reporting
On Friday, the Financial Crimes Enforcement Network (FinCEN) published its first set of guidance materials to aid the public, and in particular the small business community, in understanding upcoming beneficial ownership information (BOI) reporting requirements taking effect on January 1, 2024. The new regulations require many corporations, limited liability companies, and other entities created in or registered to do business in the United States to report information about their beneficial owners—the persons who ultimately own or control the company—to FinCEN.
The following materials are now available on FinCEN’s beneficial ownership information reporting webpage, www.fincen.gov/boi:
- Answers to Frequently Asked Questions about the reporting requirement.
- One Pagers on Key Filing Dates and Key Questions.
- An Introductory Video and more detailed Informational Video about the reporting requirement.
FinCEN will not be accepting any beneficial ownership information before January 1, 2024. Information on how to submit beneficial ownership information to FinCEN will be forthcoming.
- FinCEN press release