Beneficial Ownership Reporting

ATTENTION SMALL BUSINESS OWNERS: 

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is now accepting beneficial ownership information reports. The bipartisan Corporate Transparency Act, enacted in 2021 to curb illicit finance, requires many companies doing business in the United States to report information about the individuals who ultimately own or control them.

Filing is simple, secure, and free of charge. Beneficial ownership information reporting is not an annual requirement. A report only needs to be submitted once, unless the filer needs to update or correct information. Companies that are required to comply must file by the following deadlines:

• Reporting companies created or registered to do business in the United States before January 1, 2024 must file by January 1, 2025.
• Reporting companies created or registered to do business in the United States in 2024 have 90 calendar days to file after receiving actual or public notice that their company’s creation or registration is effective. 

To file and to find out more about the reporting process, visit https://www.fincen.gov/boi.

SCAM ALERT

Don't become a victim, follow these tips to avoid a scam:

• Never send money to someone you haven’t met in person.
• Avoid clicking on links in “unsolicited” emails or text messages.
• “Don’t believe everything you see.” Official websites and emails can be copied by scammers. So can caller ID.
• Don’t order something online unless the transaction is secure, including checking for “https” in the URL and a locked icon in the address bar.
• Be cautious with people you’ve met online.
• Don’t feel pressured to act immediately.
• Watch what you share on social media.
• Before acting on the request, TALK TO SOMEONE YOU TRUST.

Platte Valley Bank Mobile Banking

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