Forest Data Network

Announced in 2023, to assure that hardwood exports harvested from U.S. forests comply with European Union regulations, the American Hardwood Export Council is working with Dovetail Partners, Inc. (a Minnesota-based non-profit) to implement a new form of verification to demonstrate that U.S. hardwood is legal and deforestation-free under E.U. definitions.

Read more about the latest news on E.U. Hardwood Compliance: https://www.forestdatanetwork.com/news/ahec-and-dovetails-new-approach-to-ensure-eu-compliance-in-u-s-hardwood-exports

A new report establishing ownership and beneficiaries of U.S. corporations and LLCs will be required to be filed in 2024 Financial Crimes Enforcement Network (FinCEN–an arm of the U.S. Treasury created to fight money laundering).

Business entities that were created by filing with a U.S. state’s Secretary of State before January 1, 2024, will have until December 31, 2024, to file with FinCEN. Businesses created on or after January 1, 2024, will have to file as they are created with their state’s Secretary of State.

Read more about the new filing rules for business entities: https://www.forestdatanetwork.com/news/navigating-the-new-fincen-requirements-for-u-s-corporations-and-llcs