FinCEN Seeks Input on Creation of Beneficial Ownership Database
As part of its efforts to implement provisions of the Anti-Money Laundering Act of 2021—the first significant changes to Bank ...
Tag: Beneficial ownership
FinCEN to Issue ANPR on CTA Beneficial Ownership Reporting Requirements
The Financial Crimes Enforcement Network will issue an advanced notice of proposed rulemaking regarding the implementation of the beneficial ownership ...
State AGs Express Support for Bill to Create Beneficial Owner Registry
Forty-two state attorneys general wrote to Senate Banking Committee leaders today in support of S. 2563, the Illicit Cash Act, ...
SBA, Treasury Clarify Beneficial Ownership Requirements for PPP Loans
The Small Business Administration and Treasury Department provided guidance today clarifying lenders’ obligations to collect beneficial ownership data when making ...
FATF Upgrades Assessment of U.S. Regarding Beneficial Ownership Framework
In a significant development for the industry, the Financial Action Task Force recently upgraded its assessment of the United States’ ...
FinCEN’s Blanco Touts Need for Legislative Solution on Beneficial Ownership
The lack of beneficial ownership information collected when companies are formed is “a dangerous and widening gap in our national ...
ABA, Industry Groups Support Beneficial Ownership Bill
Ahead of the House Financial Services Committee markup today, the American Bankers Association joined eight other financial trade organizations in ...
State Bankers Associations Support Beneficial Ownership Bill
A group of 51 state bankers associations today wrote to House Financial Services Committee leaders in support of H.R. 2513, ...
ABA Calls for Federal Beneficial Ownership Registry
Ahead of a Senate Banking Committee hearing tomorrow on beneficial ownership, the American Bankers Association wrote to committee members calling ...
ABA, Trade Groups Call for National Beneficial Ownership Registry
As the House Financial Services Committee today held a hearing on the financial crime, the American Bankers Association joined eight ...
