The Financial Crimes Enforcement Network has issued an interim final rule that removes the obligation for U.S. companies and U.S. persons to report beneficial ownership information (BOI). Now, only foreign entities registered to do business in the U.S. must comply, but they are not required to report U.S. persons as beneficial owners.
President’s Message: 2nd Quarter 2019
Patrick M. McKenna is a partner at Gawthrop Greenwood, PC as well as President of the Chester County Bar Association. His quarterly column, shown below, is featured in the CCBA magazine “New Matter.”
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