Coalition for Integrity submitted comments on Feb 14, 2023 on the second notice of proposed rulemaking (NPRM) on the Corporate Transparency Act (CTA), regarding beneficial ownership information access and safeguards. In our last comment, submitted February 2022, Coalition for Integrity identified several principles that were core to the effective implementation of an access rule for the CTA. The proposed rule released this December, as written, needs better clarification in several places to deliver on those principles – including timely, uncomplicated access for investigators and relevant financial institutions; utility of the data; and we offer our support for certain provisions and offer recommendations to FinCEN to strengthen the rule here
