Fin Cen Florida

How to get a FinCEN number

Obtaining a FinCEN number is a fairly simple process, and individuals or companies can acquire one themselves directly with FinCEN at no cost.

Individuals must apply for the FinCEN ID number electronically via their login.gov account, and supply the following information:

Name

DOB

Address (either business or residential)

Unique identifying number and issuing jurisdiction from an acceptable ID document (such as a driver’s license, state ID, U.S. passport, or foreign passport)

An electronic image of the ID document

After online submission, individuals will immediately receive their FinCEN ID.

Reporting companies can request a FinCEN ID when submitting a BOI report by checking a box on the reporting form. It is essential to note that a reporting company can report another entity’s FinCEN ID number and legal name instead of beneficial owner information if the following three conditions are met:

The other entity obtains a FinCEN ID number and provides it to the reporting company.

The beneficial owners have an interest in the reporting company through ownership interests in the other entity.

The owners of the reporting company and the other entity are the same people.

What if changes to Beneficial Ownership Information occur?

It is necessary to supply accurate ownership information to obtain a FinCEN identifier. If this information changes at any point, then the individual or reporting company must update the FinCEN of these changes. Failure to do so can lead to non-compliance, fines, or jail time.

The rules below apply if ownership information changes occur:

Individuals must report any change to the information no later than 30 days after the date on which the change occurred.

If there is an inaccuracy in the information, then this must be amended no later than 30 days after the individual became aware of the inaccuracy.

For reporting companies, the company must update information by filing a new BOI report.