By Elizabeth Hearst for AMLi
The Director of the US Financial Crimes Enforcement Network (FinCEN) has promised that new beneficial ownership regulations due to come into effect next January, will be a “significant step forward” to the country’s anti-financial crime efforts.
FinCEN’s Acting Director, Himamauli Das, said the proposals, agreed under the Corporate Transparency Act (CTA), would be a “valuable addition” to the US’ “existing tools to counter illicit finance.”
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