SEC tightens shareholding rules to curb illicit funds
The Securities and Exchange Commission (SEC) has tightened its rules governing major shareholders of securities and digital asset businesses, extending scrutiny to the financial backers behind share acquisitions in a move to uncover ultimate sources of control and prevent illicit funds from entering the capital markets.
The Securities and Exchange Commission (SEC) has strengthened its guidelines for major shareholders of securities and digital asset enterprises, intensifying examination of the financial sponsors behind share purchases in an effort to identify ultimate control holders and thwart illicit funds from infiltrating capital markets. This move aims to trace the ultimate sources of control and prevent illicit funds from entering the financial system.
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