Effective 12/06/2024 at 5:30 PM EST time, FinCEN has disabled API access for all third party BOI report transmitters. Reporting companies can still voluntarily file their BOI reports at https://boiefiling.fincen.gov/

What is CTA – Corporate Transparency Act?

Enacted in 2021, the CTA aims to combat illicit activity including tax fraud, money laundering, and financing for terrorism by capturing more ownership information for specific U.S. businesses operating in or accessing the country’s market. Under the new legislation, businesses that meet certain criteria must submit a Beneficial Ownership Information (BOI) Report to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN), providing details identifying individuals who are associated with the reporting company.