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  2. Beneficial Ownership Information Reporting for Businesses - AOL

    www.aol.com/beneficial-ownership-information...

    Beneficial owners can choose to apply for a FinCEN Identifier and provide information to FinCEN directly. Otherwise, they can send the necessary information directly to you (the company) to be ...

  3. Business owners should not forget anti-money laundering rule ...

    www.aol.com/news/business-owners-not-forget-anti...

    Small business owners should not forget about a rule — currently in legal limbo — that would require them to register with an agency called the Financial Crimes Enforcement Network, or FinCEN ...

  4. Customer Identification Program - Wikipedia

    en.wikipedia.org/wiki/Customer_Identification...

    In July 2016, FinCEN enacted new rules regarding beneficial ownership: [2] Financial institutions must collect from the legal entity customer the name, date of birth, address, and social security number or other government identification number (passport number or other similar information in the case of foreign persons) for individuals who own ...

  5. FinCEN Files - Wikipedia

    en.wikipedia.org/wiki/FinCEN_Files

    BuzzFeed News and the ICIJ state that the files flag over 200,000 transactions dating from 1999 to 2017, worth a total of US$2 trillion. [9] Furthermore, they noted that the findings may not be representative of all SARs, as the files received are less than 0.02% of the more than 12 million SARs that financial institutions filed with FinCEN ...

  6. US Treasury's financial crimes unit lays out access plan for ...

    www.aol.com/news/us-treasurys-financial-crimes...

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  7. Legal Entity Identifier - Wikipedia

    en.wikipedia.org/wiki/Legal_Entity_Identifier

    The identifier is formatted as a 20-character, alpha-numeric code based on the ISO 17442 "Financial services — Legal entity identifier (LEI)" standard developed by the International Organization for Standardization (ISO). It connects to key information that enables clear and unique identification of legal entities participating in financial ...

  8. Federal Information Processing Standard state code - Wikipedia

    en.wikipedia.org/wiki/Federal_Information...

    The FIPS state alpha code for each U.S. states and the District of Columbia are identical to the postal abbreviations by the United States Postal Service. From September 3, 1987, the same was true of the alpha code for each of the outlying areas, with the exception of U.S. Minor Outlying Islands (UM) as the USPS routes mail for these islands ...

  9. For this year, if you had more than $5,000 in gross business transactions on a given app or platform, then you, the IRS and your state tax department should all receive a 1099-K reflecting that.