FinCEN BOI IFR Q&A #6
Has the definition of “beneficial owner” changed?
Cite as FinCEN BOI Interim Final Rule Q&A #6 (March 2025 IFR)
No. The definition of “beneficial owner” has not changed. However, reporting companies do not need to report BOI of any U.S. persons, and U.S. persons are exempt from having to provide BOI with respect to any reporting company for which they are a beneficial owner.