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Board told to provide information for Corporate Transparency Act FinCEN filings by Jan. 1, 2025
Summary
Executive Director James Walker briefed the board on the Corporate Transparency Act and FinCEN reporting; board members were asked to supply beneficial‑owner information to comply with a Jan. 1, 2025 filing deadline.
James Walker explained the Corporate Transparency Act requires certain businesses to report beneficial‑owner information to the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN). While an injunction has been placed on some enforcement, Walker said the association still needs to comply by Jan. 1, 2025 and reviewed the information the Board must provide.
Board members were asked to submit the requested information to James Walker so the association can meet filing requirements; no vote was recorded—minutes reflect the administrative request and a compliance deadline.
