What is the procedure to correct inaccuracies in a BOI report? Is a correction required?

Discovering an inaccuracy in a beneficial ownership information report requires prompt correction. Follow these steps:

1. Identify the Inaccuracy: Once aware or having reason to know of any inaccuracies in the report concerning your company, its beneficial owners, or its company applicants, initiate the correction process.
   
   
2. Timely Correction: Your company must rectify the inaccuracies within 30 days from the date of awareness or having reason to know about the inaccuracy. This ensures compliance with reporting standards.
   
   

   Maintain accuracy in your beneficial ownership information report by promptly addressing any discrepancies.