HOAs must file BOI reports with FINCEN (NV)

Failure and/or refusal to file timely beneficial ownership information, or BOI, reports or updates can be punishable both criminally and civilly. The willful failure to report complete or updated beneficial ownership information to United States Department of the Treasury’s Financial Crimes Enforcement Network, or FINCEN, or the willful providing of or attempt to provide false or fraudulent beneficial ownership information may result in a civil and criminal penalties, including civil penalties of up to $500 for each day that the violation continues, or criminal penalties including imprisonment for up to two years and/or a fine of up to $10,000.   Read the article…………………………….

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