Since January 1, 2024, companies operating in the USA have to report information on their beneficial owners and persons with management control to the Financial Crimes Enforcement Network (FinCEN).
On January 9, 2024, the U.S. Department of Labor (“DOL”) issued the final rule for Employee or Independent Contractor Classification under the Fair Labor Standards Act (“FLSA”). This rule addresses when employers can classify workers as independent contractors under federal labor law.