Understanding FinCEN IDs: What They Are and How to Obtain One

In this video, we explain what a FinCEN ID is and how to obtain one. A FinCEN ID is a unique 12-digit identifier that allows beneficial owners to update their information directly with FinCEN, making it easier for reporting companies to manage BOI reports. We'll walk you through the steps to apply for a FinCEN ID via FinCEN’s website, including the information and documents you'll need to complete the process.