BW&TBLOG

Authorized BOI recipients are generally prohibited from re-disclosing BOI except in eight specific circumstances. Re-disclosure is authorized among officers, employees, agents, and contractors within a particular authorized recipient entity; among financial institutions and their regulators, including qualifying self-regulatory organizations; from intermediary Federal agencies to foreign requesters; from specified authorized BOI recipient Federal agencies to courts of competent jurisdiction or parties to a civil or criminal proceeding; from authorized BOI recipient agencies to prosecutors or for use in litigation related to the activity for which the requesting agency requested the information; and by foreign authorities consistent with the international treaty, agreement, or convention under which BOI was received. FinCEN may also authorize the re-disclosure of BOI by an authorized recipient in other situations, so long as the re-disclosure is for an authorized purpose.

Source: www.fincen.gov