Use of FinCEN Identifiers for Reporting Beneficial Ownership Information Final Rule Summary

Updated 01/10/2024

This tool summarizes FinCEN’s Final Rule Use of FinCEN Identifiers for Reporting Beneficial Ownership Information of Entities. The key takeaway of the Final Rule is that it sets forth specific criteria under which a reporting company may report an entity’s FinCEN identifier in lieu of information about an individual beneficial owner.



Members Can Download This Tool

Login to Download

Not Yet a Member?

Our members enjoy:

On-demand regulatory guidance hotline – by chat, phone and email – available from anywhere, on any device – 7 am - 6 pm, M-F, Central time 

Research time saved daily & weekly across forms, checklists, and trainings — for every regulation

Hours of form-building and branding of bank documents saved; in some cases, even the budget of additional staff

A sounding board for support and reassessment when institutional goals or the regulatory environment changes

Access to attorneys and compliance specialists for risk modelling and decision-making in advance of large business decisions

The knowledge that C/A was created and owned by 30 State Bankers Association to provide bank compliance services to their membership organizations

Find out how a personalized team of attorneys and compliance professionals helps build targeted compliance strategies throughout your institution when you take our Live Membership Demo.

Become a Member