WASHINGTON–The Financial Crimes Enforcement Network (FinCEN) said it has received more than 230 comments related to proposed rulemaking around reporting of beneficial ownership information (BOI) and it is now considering a number of requests as a result.
FinCEN noted the Reporting NPRM is the first in a series of rulemakings its will issue to implement the Corporate Transparency Act (CTA). The next step in the CTA rulemaking series will be FinCEN’s publication of proposed rules on BOI access and disclosure requirements (the “Access NPRM”), which FinCEN said it anticipates publishing later this year.
“Some commenters requested the opportunity to submit, supplement, or amend, their comments on the Reporting NPRM after having the opportunity to review the Access NPRM,” FinCEN said, adding it is considering these requests.
The agency added it anticipates that the dates of any reopened comment period would be published in the Federal Register in conjunction with the Access NPRM.
“FinCEN appreciates the many comments on the Reporting NPRM that have already been submitted,” the agency said. “FinCEN strongly encourages all interested parties, including those that may be affected by the proposed beneficial ownership information reporting rule, to review the Access NPRM once issued and to submit written comments.”
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