FILE BEFORE THE DEADLINE: January 1, 2024

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FinCEN's mission is to safeguard the financial system from illicit use and combat money laundering. FinCEN exists to prevent, deter, and detect money laundering to prevent financial crimes, including anti-terrorism. Starting January 1, 2024, your business is likely required to complete a Beneficial Owner Information reports as part of the Corporate Transparency Act or face a penalty of $10,000.

Even if you only have signatory authority but no financial interest in a foreign account you are liable under this law.

FinSense is here to make that process simple, secure and trackable.

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Why FinSense?

Easy Updated Reports

FinCEN requires new reports when company details change. Our tools let you know if you need to update your report.

Tracked FinCEN Filings

FinSense tracks your filing to update you when FinCEN receives your compliance filings.

Multi Company Support

Easily file for multiple entities using a single compliance dashboard.

PLEASE NOTE

Key Deadlines & Enforcements

    • New Businesses formed on or after January 1, 2024 will have 30 days to comply.
    • Existing Businesses will have 1 year to comply (between January 1, 2024 to December 31, 2024).
    • Addendum Required within 30 days after any change in previously-reported data.
    • Failure To Comply may bring a fine of $500/day and/or a possible felony with up to 2 years in prison.

For further information about what types of companies are required to comply, please contact us.

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QUESTIONS? NEED HELP?

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We’re here to make compliance easier for both you and the many entities you manage. Feel free to contact us with any questions.

info@FinSense.com

954-659-7703

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