Finance & markets · 16/12/2022

FinCEN Proposes Regulations for Access to Beneficial Ownership Information and Use of FinCEN Identifiers

The Financial Crimes Enforcement Network (FinCEN) is issuing proposed regulations to ensure secure access to beneficial ownership information (BOI) and the use of FinCEN identifiers for entities, aiming to prevent money laundering, terrorist financing, and other illicit activities, while protecting national security.