Financial Crime Financial Crime

US House lawmakers sharply criticize Treasury rules on corporate beneficial owners

By Samuel Rubenfeld
  • 18 Jul 2023 22:25
  • 18 Jul 2023 23:06
New rules aimed at combating money laundering put forth by the US Treasury Department are out of step with congressional intent and too complex for small businesses, Republican lawmakers said today during a House subcommittee hearing.*
Although the Corporate Transparency Act, or CTA, has been touted as one of the

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Samuel Rubenfeld


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.

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