The U.S. Bureau of Economic Analysis (BEA), an agency of the U.S. Department of Commerce, monitors inbound and outbound U.S. investments as part of its regulatory mission of tracking international commerce. Importantly, both direct and indirect ownership interests in cross-border investments can trigger BEA regulatory compliance obligations. Failure to comply with BEA reporting obligations is subject to both civil and criminal penalties.
PorzioCS assists clients in identifying BEA reporting obligations, navigating through highly detailed data requests, report completion and filing assistance, and implementation of efficiencies and procedures for routine collection, maintenance and reporting of data to the BEA in the future.
For an overview of PorzioCS compliance services and mandatory BEA reporting obligations, click here.