The U.S. Treasury Department has repealed rules that required companies to report their ownership information. Treasury Secretary Scott Bessent stated that these rules were designed to combat money laundering and other financial crimes but imposed an undue burden on American businesses.
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Treasury Department Repeals Ownership Reporting Rules for U.S. Companies
The U.S. Treasury Department has ended ownership reporting rules for companies, which were aimed at preventing financial crimes. Treasury Secretary Scott Bessent indicated that the rules created excessive burdens for businesses.
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Treasury ends ownership reporting rules for U.S. companies
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Treasury Department Repeals Ownership Reporting Rules for U.S. Companies