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| The Corporate Transparency Act took effect Jan. 1, 2024, requiring non-exempt U.S. entities and non-exempt foreign entities registered to do business in the United States (collectively, Reporting Companies) to submit beneficial ownership information. (BOI) reports to a confidential FinCEN database. BOI reports must include certain personal information about individuals who, directly or indirectly, |
United States regulations currently impose significant restrictions on using a “finder” to raise private equity from U.S. investors and on the ability of companies to pay finder’s fees, or transaction based compensation, to unlicensed advisors who assist them with locating investors. Generally, under U.S. rules, finders who assist in raising equity from investors in private
As the Coronavirus Disease 2019 (COVID-19) pandemic continues in the United States, the U.S. Congress and the U.S. federal financial regulatory agencies – the Federal Reserve, U.S. Department of the Treasury, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, National Credit Union Administration, and the Consumer Financial Protection Bureau (collectively, the Financial