U.S. Treasury Issues Proposed Regs on Access to Beneficial Ownership Information

On December 15, 2022, the Financial Crimes Enforcement Network (FinCEN) of the  United States Department of Treasury issued in the Federal Register its second set of proposed beneficial ownership regulations (Notice of Proposed Rule Making or NPRM) with respect to furnishing access to the information it receives pursuant to the Corporate Transparency Act (CTA) and safeguards for protecting the confidentiality of such information.