Financial Crime Financial Crime

Beneficial ownership rule adopted 'largely as proposed' by US Treasury

By Samuel Rubenfeld
  • 29 Sep 2022 18:33
  • 29 Sep 2022 18:56
The US Treasury Department’s Financial Crimes Enforcement Network adopted its final rule mandating that companies identify and report their ultimate owners “largely as proposed,” according to the rule’s text.

Designed to protect US national security, the rule implements a provision of the Corporate Transparency Act and will help to stop oligarchs, kleptocrats, drug

To view the latest version of this document and thousands of others like it, sign-in to MLex or register for a free trial.

Samuel Rubenfeld

Reporter


Samuel Rubenfeld is a reporter covering cases of bribery and corruption and some international trade issues. Prior to joining MLex, he was editor of the Kharon Brief, a news and data analysis platform focused on global security issues, including sanctions and export controls. Earlier in his career, Rubenfeld spent about a decade at The Wall Street Journal, including nearly nine years as a reporter covering corporate risk and compliance concerns such as bribery, money laundering, sanctions, terrorist financing and whistleblowers.

Discover MLex

Stay on top of global regulatory developments

TAKE A FREE TRIAL

Latest News