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FinCEN

The Financial Crimes Enforcement Network, a bureau of the U.S. Treasury Department that collects and analyzes information about financial transactions to combat domestic and international money laundering, terrorist financing, and other financial crimes.

SBA

The Small Business Administration, a U.S. government agency that provides support to entrepreneurs and small businesses, offering resources like counseling, capital, and contracts.

Beneficial Ownership Information (BOI)

Information about the true individuals who own or control a company, even if their names aren't listed on official documents. This helps prevent people from hiding their identities for illegal purposes.

Reporting Company

A corporation, limited liability company, or other similar entity required by federal law (the Corporate Transparency Act) to submit beneficial ownership information to FinCEN.

Memorandum of Understanding (MOU)

A formal written agreement between two or more parties (in this case, government agencies) that outlines their intentions, responsibilities, and how they will cooperate on a specific task.

Resource Partner

Organizations that partner with the Small Business Administration to provide direct assistance, counseling, and training to small businesses, such as Small Business Development Centers or Women's Business Centers.