This blog article helps you understand whether your local U.S. or foreign U.S. registered legal entity is legally required to report identity and beneficial ownership details to the Beneficial Ownership Secure System “BOSS” when the new CTA laws take effect from 1 January 2024. “BOSS” is the online reporting system developed by the U.S. Treasury’s Financial Crimes Enforcement Network ‘FinCEN’ under the U.S. Federal Corporate Transparency Act (CTA).
