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What does it mean if my business is exempt from providing beneficial ownership information?

Certain legal entities are exempt from the requirement to identify and verify beneficial owners, as outlined in 31 CFR §1010.230(e)(2)–(3). These include:

• Governmental entities

• Publicly traded companies listed on U.S. exchanges

• Banks and credit unions

• SEC-registered investment companies and advisors

• Insurance companies regulated by state authorities

• Registered entities under the Commodity Exchange Act

• Regulated utilities

• Pooled investment vehicles operated by exempt entities