The Treasury Department agency enforcing new beneficial ownership information (BOI) reporting requirements for businesses will focus its attention on education and outreach during the first year of implementation, although “willful violations” will still merit punishment.
Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:... More by Aaron Nicodemus
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