Boi Requirements 2024. As of january 1, 2024, many companies operating in the united states must comply with new beneficial ownership information (boi) reporting requirements under the. Fincen issued a public alert on december 18, 2024, to raise awareness of fraud schemes abusing fincen’s name, insignia, and authorities for financial gain—including scams that exploit beneficial ownership reporting.

Prepare for the mandatory boi reporting starting 2024, detailing ownership information for businesses. Beneficial ownership information (boi) the initial report must include boi for the reporting company’s beneficial owners and certain company applicants.