Latest Breaking News On - Beneficial ownership reporting - Page 18 : comparemela.com

Advertisement FinCEN Notice Launches Regulatory Process Requiring Covered Domestic and Foreign Companies to Report Beneficial Ownership to U.S. Government Monday, April 5, 2021 Today the Financial Crimes Enforcement Network of the U.S. Department of the Treasury (“FinCEN”) published in the  Federal Register a notice framing and seeking comment on key questions about how it will implement the new law requiring domestic and foreign legal entities to report their beneficial ownership to the U.S. government.  FinCEN’s action today is important because it launches the administrative rulemaking process that will dictate many of the critical details of the upcoming regulatory regime whereby most companies and investment vehicles will be required to report beneficial ownership.  Following on FinCEN’s rule requiring certain financial institutions to collect beneficial ownership information from legal entity customers, its new rulemaking beginning with the 

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