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For each beneficial owner or company applicant a company is required to report, the company must provide an identifying number from an acceptable identification document as well as an image of the identification document used to obtain this identifying number.
Who Must File the FBAR? A United States person that has a financial interest in or signature authority over foreign financial accounts must file an FBAR if the aggregate value of the foreign financial accounts exceeds $10,000 at any time during the calendar year.
Who Must File: Certain financial intuitions operating in the United States shall file with FinCEN, to the extent and in the manner required by 31 CFR Chapter X and 12 CFR 21.11, 163.180, 208.62, 353.3, and 748.1, a report of any suspicious transaction relevant to a possible violation of law or regulation.
Any person who fails to comply with the registration requirements may be liable for a civil penalty of up to $5,000 for each violation. Failure to comply includes the filing of false or materially incomplete information. Each day a violation continues constitutes a separate violation.
While certain types of entities are exempt, if you are a small corporation or LLC, you will likely be required to report your beneficial ownership information to FinCEN.
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People also ask

Thanks to the Corporate Transparency Act, starting Jan. 1, 2024, all companies created in the United States must complete a new form with the Treasury Departments Financial Crimes Enforcement Network, commonly known as FinCEN, unless one of 23 exceptions applies.
With few exceptions, each money services business (MSB) must register with the Department of the Treasury.
These businesses are (1) currency dealers or exchangers, (2) check cashers, (3) issuers of travelers checks or money orders, (4) sellers or redeemers of travelers checks or money orders, and (5) money transmitters. MSBs must register with the Department of the Treasury and renew their registration every two years.

money fincen report