FinCEN Adds to FAQs on Compliance With Ownership-Disclosure Rule

A Treasury Department unit added to its list of questions and answers Monday on what companies should do to comply with new requirements to disclose more about their ownership.

Treasury’s Financial Crimes Enforcement Network (FinCEN) added seven new answers to questions on its website about the new “beneficial ownership” requirements. The new answers address questions about Native tribes, homeowners associations, and identification needed under the reporting requirements, among other issues.

• The beneficial-ownership requirements, which took effect Jan. 1, require tens of millions of companies to disclose to FinCEN the names, addresses, and other information about their owners. Pre-existing companies have ...