Free 1-hour CPE: Complying with the Law in BOI Reporting: a Member Q&A Session with FinCEN

Description

The Corporate Transparency Act requires many companies doing business in the United States to report information to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) about who ultimately owns or controls them. Join a FinCEN representative for a virtual information session on beneficial ownership information reporting requirements and how to comply with the law.

Highlights

  • 6 key elements of BOI reports for CPAs to know
  • FinCEN BOI initial report market
  • Ongoing updated reports requirements and firm programs
  • Why clients expect CPAs to help with FinCEN reporting
  • Problem 1 with self-filing: FinCEN’s 60-page guide
  • Problem 2 with self-filing: the direct filing portal Avoiding fraudulent letter scams
  • The 8 essential steps of each BOI report
  • Optimizing and automating the 8 steps
  • The 4 critical considerations of your ongoing CTA compliance operations plan
  • Reducing liability for FinCEN filings

Designed For

CPAs advising clients on BOI reporting

Leaders

Phil Lam

Phil Lam leads the effort to enhance transparency of corporate ownership for the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury. FinCEN safeguards the U.S. financial system by investigating money laundering, terrorism financing, and other financial crimes. With over 15 years of experience, Phil has worked as a management consultant, product development leader, and strategist. In 2013, he served on a White House initiative to promote trusted digital identities, where he led government investments in innovative technologies on strong authentication, identity verification, and privacy preserving architectures. Phil holds a Bachelor of Science in Computer Engineering from Northwestern University and an MBA from Purdue University.