FinCEN makes the BOI narrowing permanent. The diligence obligation is unchanged.
The final rule adopts the March 2025 interim rule, extends the U.S. person exemption to company applicants, and releases U.S. FinCEN ID holders from open-ended updates. What it leaves in place is the part most firms need to plan around. FinCEN has issued a final rule adopting, with limited changes, the interim final rule of […]
