The US treasury department’s Financial Crimes Enforcement Network (FinCEN) is seeking comments on a notice of proposed rulemaking (NPRM) published on 15 December 2022 that would implement provisions of the Corporate Transparency Act (CTA) that govern the access to and protection of beneficial ownership information.

This NPRM proposes regulations that would govern the circumstances under which such information may be disclosed to financial institutions; federal agencies; state, local, tribal, and foreign governments, and how it must be protected.

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