On 20 February 2024, the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) has announced the issuance of a Small Entity Compliance Guide for Beneficial Ownership Information Access and Safeguards Requirements. --- FinCEN Issues Small Entity Compliance Guide for Beneficial Ownership Information Access and Safeguards Requirements The Financial Crimes Enforcement Network (FinCEN) published a small entity compliance guide today that provides an overview of the requirements regarding access to beneficial ownership information (BOI) by small entities – in particular, small financial institutions authorized to access BOI. Under the Access Rule, issued in December 2023, BOI reported to FinCEN is confidential,...