SCAM ALERT
A "BBB scam alert regarding BOl filing" means that the Better Business Bureau is warning businesses to be cautious of scams related to the required
"Beneficial Ownership Information (BOl)" filing, where scammers may try to trick business owners into providing personal information or paying fees by claiming to be from a government agency, while in reality, the legitimate BOl filing is free and should be done directly through the Financial Crimes Enforcement Network (FinCEN) website.
Key points about the BOl filing scam:
- No fees:
Legitimate BOl filing is free, so be wary of any requests for payment to submit your BOl information. - Fake government agencies:
Scammers may use names like "United States Business Regulations Department" or send seemingly official-looking forms to trick you. - Phishing emails and calls:
Be cautious of emails or phone calls asking for your personal information related to BOl filing, especially if they include suspicious links or pressure you to act quickly.
What to do if you suspect a BOl filing scam: - Do not provide personal information:
If you receive a suspicious communication regarding BOl filing, do not share your personal information. - Verity the source:
Check the legitimacy of any communication by contacting FinCEN directly through their official website. - Report the scam:
If you believe you have been targeted by a BOl filing scam, report it to the Better Business Bureau Scam Tracker and your local law enforcement agency.