FinCEN director expects final BOI reporting rule soon
July 31, 2026
The Financial Crimes Enforcement Network should soon finalize its interim rule restricting beneficial ownership information reporting requirements to foreign companies, the head of the agency recently told Congress.
“FinCEN will very soon finalize the interim final rule on the beneficial ownership information reporting regime,” FinCEN Director Andrea Gacki told the House Financial Services Subcommittee on National Security, Illicit Finance and International Financial Institutions. “We are very close to the finish line, and so I hope to come back to you soon to talk to you about it.”
As part of the final rule, FinCEN will address concerns that BOI information already collected from small businesses will be deleted, Gacki said. Read more.
