Beginning on January $1,2024,$ many companies in the United States will have to report information about their beneficial owners, i$.$e$.,$ the individuals who ultimately own or control the company. They will have to report the information to the Financial Crimes Enforcement Network $($FinCEN$).$ Which businesses does this affect? What is the cost of noncompliance $($i$.$e$.$ what fines or penalties might occur for failure to file$)?$ Have you heard of this requirement? If so$,$ where?