The Financial Crimes Enforcement Network (FinCEN) issued a final rule implementing the access and safeguard provisions of the Corporate Transparency Act (CTA) (the “Access Rule”). The Access Rule prescribes the circumstances under which beneficial ownership information (BOI) reported to FinCEN may be disclosed to authorized BOI recipients, and how it must be protected. The Access Rule reflects FinCEN’s commitment to creating a highly useful database for authorized BOI recipients while protecting this sensitive information from unauthorized disclosure.

In accordance with the CTA, the Access Rule provides access to BOI to Federal agencies engaged in national security, intelligence, or law enforcement activity; State, local, and Tribal law enforcement agencies with court authorization; foreign law enforcement agencies, judges, prosecutors, and other authorities that meet specific criteria; financial institutions with customer due diligence requirements and regulators supervising them for compliance with such requirements; and U.S. Department of the Treasury (Treasury) officers and employees. Each category of authorized recipients is subject to security and confidentiality protocols aligned with applicable access and use provisions.

During this webinar receive the latest update on BOI and it’s newest Part II rule!

Highlights include:

• The Access Framework
• Authorized Recipients
• Security and Confidentiality Requirements
• Re-Disclosure of BOI By Authorized Recipients
• Violations and Penalties
• Implementation of BOI Access
• Next Steps

You will receive an updated BOI Handbook with everything we have at this point.  

Who should attend?

 BSA Officers, Compliance, Operations, Training, and those who open accounts