Phuong Nguyen 
Nguồn ảnh：https://businesspress.vegas/real-estate/fincens-position-unclear-on-hoa-beneficial-ownership-42950/
The article “FinCEN’s position unclear on HOA beneficial ownership” explores the issue of beneficial ownership within homeowners associations (HOAs) and the lack of clarity from the Financial Crimes Enforcement Network (FinCEN) on this matter.
According to the article, FinCEN requires certain entities, including HOAs, to disclose their beneficial owners in order to prevent money laundering and other criminal activities. However, there is confusion within the HOA community as to who should be listed as the beneficial owner.
Some argue that the HOA board members should be considered the beneficial owners, while others believe that it should be the individual homeowners themselves. This lack of clarity has created challenges for HOAs in complying with FinCEN regulations.
The article also highlights the importance of properly identifying beneficial owners within HOAs to ensure transparency and accountability. Without clear guidance from FinCEN, HOAs may struggle to meet their reporting requirements and avoid potential legal issues.
Overall, the article emphasizes the need for FinCEN to provide clear and specific guidelines on beneficial ownership within HOAs in order to help these associations comply with regulatory requirements and prevent financial crimes.
