When the information an individual or reporting company has provided to FinCEN to obtain a FinCEN identifier changes, they must promptly update or correct their information.
For individuals, any changes to the submitted information must be reported within 30 days of occurrence. Corrections must also be made within the same timeframe if inaccuracies are identified.
Similarly, within 30 days, reporting companies should use an updated or corrected beneficial ownership information report to update their FinCEN ID information.