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TREAS/FINCEN RIN: 1506-AB63 Publication ID: Fall 2023 
Title: ●Exempting a System of Records From Certain Provisions of the Privacy Act of 1974 

FinCEN intends to issue a final rule amending 31 CFR 1.36 to exempt a new system of records, entitled "FinCEN .004 - Beneficial Ownership Information System," from certain provisions of the Privacy Act of 1974. The Beneficial Ownership Information (BOI) System is being established to implement the BOI reporting and access requirements set out in the Bank Secrecy Act (BSA), as amended by the Corporate Transparency Act. The exemptions are intended to increase the value of the system for law enforcement purposes and to comply with the BSA’s prohibitions against unauthorized disclosure of certain information.

Agency: Department of the Treasury(TREAS)  Priority: Info./Admin./Other 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: 1 CFR 1.36   
Legal Authority: 5 U.S.C. 552a   
Legal Deadline:  None
Action Date FR Cite
NPRM  09/14/2023  88 FR 63039   
NPRM Comment Period End  10/16/2023 
Final Action  11/00/2023 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
FinCEN Regulatory Support Section
Department of the Treasury
Financial Crimes Enforcement Network
P.O. Box 39,
Vienna, VA 22183
Phone:800 767-2825