A huge congratulations to HBC attorneys Ryan Robinson and Marianne Luu-Chen for their article in this month’s Colorado Lawyer magazine.
The article, titled ‘Beneficial Ownership Reporting Requirements’ discusses the beneficial ownership reporting requirements imposed by the new US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) rule that becomes effective on January 1, 2024. It provides key insights and practical guidance for attorneys practicing business and trust and estate law.
As the article concludes, “the penalties for noncompliance with the final beneficial ownership information (BOI) reporting requirements rule are significant, and reporting companies will need assistance to implement policies and procedures to ensure continuous compliance with the rule. Lawyers practicing business law and trust and estate law should begin thinking about how the rule affects their clients and taking steps to integrate compliance measures.”
Great insights Ryan and Marianne!
https://cl.cobar.org/features/beneficial-ownership-reporting-requirements/