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US Defense Bill Includes Beneficial Ownership Reporting Requirements

|Proposed Changes|United States
United States

On 3 December 2020, U.S. Senator Sherrod Brown (D-OH) announced the inclusion of anti-money laundering and corporate transparency reforms into the final version of the National Defense Authorization Act (NDAA), which will soon be voted on in the House and Senate. This includes language from the draft Corporate Transparency Act of 2019, which requires reporting companies to disclose informatio…

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