Wolters Kluwer Presents: What Banks Need to Know to Keep Small Business Customers BOI Compliant

September 18, 2024 | 2:00 pm | Registration Info       

By January 1, 2025, over 30 million small business entities must file BOI reports with the Financial Crimes Enforcement Network (FinCEN) under the Corporate Transparency Act (CTA). This new requirement impacts a wide range of businesses, including many of your small business banking customers. Understanding the scope of these requirements and ensuring compliance is crucial, both for the initial filing and ongoing obligations.

CBA has collaborated with Wolters Kluwer BizFilings to bring member banks a BOI reporting solution for their small business customers.

This session will highlight how to offer a BOI reporting solution to your small business banking customers so that they can navigate compliance with ease.

In this webinar, you will learn about:

• The Corporate Transparency Act and its implications
• BOI reporting requirements, including obligations and exemptions
• Procedures for filing BOI reports, including timelines
• How you can help your small business customers and create a revenue stream for your bank.