U.S. FinCEN Removes Beneficial Ownership Reporting Requirements for U.S. Companies and U.S. Persons, Sets New Deadlines for Foreign Companies
The U.S. Treasury Financial Crimes Enforcement Network (FinCEN) has announced that it is removing the beneficial ownership reporting requirements for U.S. companies and U.S. persons through an interim final rule. The rule effectively limits the reporting requirements to entities that are formed under the law of a foreign country and that have registered to do business in any U.S. State or Trib…
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