Financial Crime Financial Crime

Businesses, banks face year of US Treasury rulemaking if beneficial-ownership disclosure survives veto

By Robert Thomason
  • 24 Dec 2020 10:00
  • 23 Dec 2020 20:08
Beneficial-ownership disclosure provisions in a pending US anti-money laundering bill could take effect next year after the Treasury Department draws up regulations detailing how small companies must make the disclosures and how police and bank compliance officers may access the information. Treasury would also have to revise bank due-diligence rules to conform with

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