Are there industry-specific guidelines for BOI compliance?

By
David Senawi
Compliance
2
min read
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Industry-specific guidelines for BOI compliance may exist depending on the sector in which a company operates. These guidelines address particular nuances and regulatory requirements relevant to specific industries, such as financial services, real estate, or healthcare. For example, financial institutions may have additional anti-money laundering (AML) obligations, while real estate firms might need to focus on property ownership disclosures. Understanding these industry-specific guidelines is essential for ensuring compliance and addressing any unique reporting requirements applicable to your sector.

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BOI Compliance, LLC (“BOI Comp”) is not affiliated with the US Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) directly. FinCEN permits third-party service providers to assist business owners in submitting reports through FinCEN’s BOI E-filing website or an Application Programming Interface. Once BOI Comp submits your report to FinCEN, you will receive confirmation. FinCEN does not charge a fee if you wish to navigate the government’s reporting application process yourself and submit your company’s BOI report directly to FinCEN.