In a significant move, the Trump administration has halted the enforcement of a key Treasury rule requiring shell companies to disclose their owners. This decision is part of Trump's agenda to ease regulations for small businesses. Critics argue it undermines efforts against corporate corruption.
In a surprising move, the U.S. Treasury announced it will not enforce penalties related to the controversial beneficial ownership information reporting requirements for millions of businesses. This decision, part of the Corporate Transparency Act, raises concerns over national security and the fight against illicit finance.
In a surprising policy shift, U.S. businesses are no longer required to report beneficial ownership information under the Corporate Transparency Act. This decision has sparked controversy, with critics claiming it aids criminals and foreign oligarchs. The Treasury Department announced the change, celebrating it as a win for small businesses while raising questions about the future of corporate accountability. What does this mean for the fight against money laundering?
In a surprising move, the U.S. Treasury Department announced it will not enforce a rule aimed at curbing money laundering through small business registration, a decision praised by Trump. This rule, which remains legally in effect, has sparked controversy and litigation among business advocates.
