In this episode of “Financial Crime Matters,” Kieran Beer talks with Daniel Stipano, partner at Davis Polk, and Jamal El-Hindi, Counsel at Clifford Chance, about the Financial Crime Enforcement Network’s (FinCEN) far reaching new rules for creating a U.S. beneficial ownership information (BOI) database for regulators and law enforcement, including who will be required to file personal identifying information and who will not have access to the registry.
Mandated by Congress to be operational by January 2024, Stipano and El-Hindi also detail some of the essential questions that remain unanswered about the registry, and what the regulatory landscape will look like in 2023 and beyond.
Stipano and El-Hindi come to the discussion with Beer drawing on 50 collective years of service in the U.S. regulatory community, Stipano having started in private practice after 30 years with the Office of the Comptroller of the Currency and El-Hindi after 20 years in the U.S. Department of the Treasury.
