Official Site of The State of New Jersey

New Federal Government Requirement: Reporting of Beneficial Ownership Information to the Financial Crimes Enforcement Network (FinCEN)

Beginning January 1, 2024, certain types of corporations, limited liability companies, and other similar entities created in or registered to do business in the United States must report information about their beneficial owners—the persons who ultimately own or control the company—to the United States Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). Additional information about the reporting requirements, including answers to questions such as “is my company required to report beneficial ownership information to FinCEN,” “who is a beneficial owner,” and “when do I need to report my company’s beneficial ownership information" is available on FinCEN’s beneficial ownership information webpage. You can also subscribe to FinCEN Updates for future guidance documents.

Please direct all inquiries about this new program to FinCEN.