2023 Beneficial Ownership Proposed Rule Summary (Access Rule)
Updated 03/24/2023
This tool summarizes FinCEN’s proposed rule on authorized recipients of beneficial ownership information (BOI), security/confidentiality safeguards that authorized recipients must implement with respect to receipt of BOI, how authorized recipients can access BOI, and violations and penalties, along with other relevant issues. This summary primarily focuses on the proposed rule’s impact on financial institutions.
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