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Treasury repeals ownership reporting rules for US companies

The US Treasury has finalised a rule exempting American companies and people from reporting beneficial ownership information to its financial crimes unit. The latest ruling from the Financial Crimes Enforcement Network repeals reporting requirements that were previously under the Corporate Transparency Act, which was signed by former…

Treasury reduces ownership reporting rules for US companies

The US Treasury has finalised a rule exempting American companies and people from reporting beneficial ownership information to its financial crimes unit. The latest ruling from the Financial Crimes Enforcement Network reduces reporting requirements that were previously under the Corporate Transparency Act, which was signed by former…

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