FinCen Advisors FAQ

For beneficial ownership reporting under the Corporate Transparency Act (CTA), the required information typically includes: Identifying Information of Beneficial Owners: This covers the name, date of birth, address, and an identification number (such as a passport number or driver’s license number) for each beneficial owner. You will need a scanned image of your non-expired Government-issued ID (driver’s license, state-issued government ID, passport) ready for upload to the FinCEN FilePro system. Details of Ownership or Control: Information about the nature and extent of the beneficial ownership or control exercised by each individual. Entity Details: Information about the reporting entity itself, including its name, business address, and, if applicable, its online presence. Identification of Filer: The individual submitting the information must also provide their details, including their name and contact information. This information helps authorities understand who ultimately owns, controls, or benefits from a company and can be crucial in efforts to combat financial crimes like money laundering and terrorist financing.