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 president Joe Biden in 2021 to battle illicit activity…
We haven't written up this one. The National UAE has the full story — the link below goes straight to it.
