The Treasury Department repealed a requirement for American companies and individuals to report beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN). The repeal was proposed in March 2025 and the final rule was published in the Federal Register on August 12, 2026.
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Treasury Department repeals reporting requirement for beneficial ownership information
The Treasury Department has repealed a reporting requirement for U.S. businesses regarding beneficial ownership information. This decision follows a proposal made in March 2025 and was finalized with publication in the Federal Register on August 12, 2026.
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Treasury Department repeals Biden-era reporting requirement for US businesses
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Treasury Department repeals reporting requirement for beneficial ownership information