(AGENPARL) - Roma, 26 Febbraio 2024 - (AGENPARL) – lun 26 febbraio 2024 “You are subscribed to FinCEN Updates. The information below is available at Fincen.gov.”
*FinCEN Seeks Comments on Renewal of OMB Control Number for Current Account-Opening Requirements for Legal Entity Customers of Covered Financial Institutions*
On February 26, 2024, the Financial Crimes Enforcement Network (FinCEN) published in the Federal Register a 60-day notice to renew the Office of Management and Budget (OMB) control number for Bank Secrecy Act (BSA) regulations at 31 CFR 1010.230.  These requirements were established by a 2016 FinCEN rulemaking that took effect in 2018, and are not part of FinCEN’s new beneficial ownership information reporting requirements, which went into effect on January 1, 2024. 
Under 31 CFR 1010.230, covered financial institutions are required to collect, and to maintain records of, the information used to identify and verify the identity of each beneficial owner of their legal entity customers, subject to certain exclusions and exemptions.  The notice is required to give the public an opportunity to comment on existing regulatory requirements and burden estimates.  The notice requests feedback from industry on or before April 26, 2024.  FinCEN encourages the public to review this notice and provide comment. 
*Federal Register Notice:* https://www.fincen.gov/resources/statutes-regulations/federal-register-notices/agency-information-collection-activities-38
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