The National Association of Attorneys General (NAAG) called on the Financial Crimes Enforcement Network (FinCEN) to allow state, local, and tribal entities to have appropriate and timely access to corporate ownership information critical to fighting crime and terrorism.

FinCEN seeks comments on recently proposed requirements for access to a national database that will be created under the 2021 Corporate Transparency Act. A bipartisan coalition of 42 state and territory attorneys general signed a letter urging FinCEN not to pass the new regulations, which would impede investigations taking place at the state, local, and tribal level. The AGs also advocated for several other amendments to the proposed regulations, including one to make it clear that individuals who receive database information during a legal case are subject to the same non-disclosure laws as those who receive the information directly from FinCEN.