The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) has updated its FAQs on beneficial ownership information reporting requirements, including updates to the following two FAQs on access to beneficial ownership information.
---
O. 1. When will authorized recipients have access to beneficial ownership information?
FinCEN is taking a phased approach to providing access to beneficial ownership information (BOI).
- The first phase began in the spring of 2024 with a pi…