FinCEN Seeking Comments on Info Collection Related to Beneficial Ownership Reporting

The Financial Crimes Enforcement Network is seeking public comments on an information collection involving a December rule that placed safeguards around sensitive information submitted to the agency as part of FinCEN’s new beneficial ownership information reporting requirements (see 2312210017). The agency said the new rules will help U.S. law enforcement and national security agencies “prevent and combat money laundering, terrorist financing, tax fraud, and other illicit activity, as well as protect national security.” Comments are due Aug. 22.