Rex Legal: FinCen Report made easy.

We're here to make the process simple, efficient and
secure.

fincen report
rex legal fincen report CTA

Corporate Transparency Act (CTA)

In 2020, Congress enacted the Corporate Transparency Act (CTA) to strengthen the efforts against financial crimes, such as money laundering. This legislation requires the Financial Crimes Enforcement Network (FinCEN) of the U.S. Treasury to establish a database containing information about American companies and their beneficial owners.

In response to this, Rex Legal has developed a solution to streamline the FinCEN reporting process, making it more efficient and manageable for businesses.

Make sure your company is FinCEN compliant.

We assist business owners who have established or registered a company in the United States file through our secure system quickly and effectively.

What’s the purpose of the   Corporate Transparency Act  (CTA).   

  • Enhance transparency in entity structures and ownership.
  • Fight money laundering, tax fraud, and other illicit activities.
  • Promote National Security.

Simplify your FinCen Reports and Compliance with Rex Legal’s Custom-Built Portal:

team rex legal

Our Team

We have a team of professionals at your disposition to assist you before, during, and after the submission of your company's report.

form rex legal

Simple

All you have to do is gather the information and  complete our quick online form.

form rex legal

Fast

Once we've received your information, we'll process it and handle the rest.

deadlines

Deadlines for FinCen Report

•   New Businesses formed on or after January 1, 2024, will have 90 days to comply.
•   Existing Businesses will have 1 year to comply (between January 1, 2024 and December 31, 2024).
•   Addendum Required within 30 days after any change in previously reported data.
•   Failure To Comply may bring a fine of $500/day and/or a possible felony with up to 2 years in prison.

About Fincen

The Financial Crimes Enforcement Network (FinCEN) is a regulatory body of the United States Treasury Department. FinCEN's goal is to prevent and punish criminals and criminal networks that participate in money laundering and other financial crimes.

What does FinCen Do?

check icon

Collects and analyzes information about financial transactions.

check icon

Works with domestic and international partners to maximize the information sharing network.

check icon

Brings enforcement action for violations of the reporting, record-keeping, or other requirements of the Bank Secrecy Act (BSA).

Service Image

We pave the way to business success

Do you have    any question  or need information?

Our team of consultants has more than 15 years of experience in the business sector. We have helped countless entrepreneurs achieve their goals in the United States.

Contact us at fincen@rexlegal.com and one of our specialists will get back to you immediately.

Contact us

What is the  Corporate Transparency Act (CTA)?

In December 2021, the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) proposed legislation to safeguard the financial system from illicit uses, fight money laundering and related crimes, including terrorism, and promote national security through the strategic use of financial authorities and the collection, analysis, and dissemination of financial information. Under the Corporate Transparency Act (CTA), reporting companies will be required to report to FinCEN certain identifying information regarding the company and its "beneficial owners" and "corporate applicants".

The Corporate Transparency Act comes into effect on January 1, 2024. Reporting companies that are in existence on the effective date must file their initial reports within one year.

Reporting companies created after the effective date have 90 days after receiving notice of their creation or registration.

Reports must be updated within 30 days of a change to the beneficial ownership, e.g., through the sale of a business, merger, acquisition, or death, or 30 days upon becoming aware of or having reason to know of inaccurate information previously filed.

Check out our blog for more information about the Corporate Transparency Act (CTA).

rex legal x fincen report

Frequently
asked questions.

We're here to answer your questions

What is the Corporate Transparency Act (CTA)?

Plus Icon

Should my company report beneficial ownership information now?

Plus Icon

What is considered a Reporting Company under the CTA?

Plus Icon

Who are considered the "Beneficial Owners" and "applicants" of an entity?

Plus Icon

What types of entities are exempt?

Plus Icon

Will the BOI reports be publicly available?

Plus Icon

Are there any penalties for non-compliance?

Plus Icon

Get in touch

Our team is here to navigate FinCEN compliance seamlessly, ensuring your business operates confidently within regulatory boundaries. Reach out today for personalized assistance and safeguard your success.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.