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Comments due: FinCEN (ANPR; beneficial ownership reporting)

May 5

The Treasury Financial Crimes Enforcement Network (FinCEN) is issuing this advance notice of proposed rulemaking (ANPR) to solicit public comment on questions pertinent to the implementation of the Corporate Transparency Act (CTA), enacted into law as part of the National Defense Authorization Act for Fiscal Year 2021 (NDAA). The CTA is part of the 2020 Anti-Money Laundering Act. Public input is sought on procedures and standards for reporting companies to submit information to FinCEN about their beneficial owners (the individual natural persons who ultimately own or control the reporting companies). Initial public input is also sought on FinCEN’s implementation of the related provisions of the CTA that govern FinCEN’s maintenance and disclosure of beneficial ownership information subject to appropriate protocols.

Reg lookup: Beneficial Ownership Information Reporting Requirements

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May 5
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