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LATEST: FinCEN Director says new beneficial ownership regulations will be a ‘significant step forward’ in US AFC efforts

Photo credit: Himamauli Das @LinkedIn

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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