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Proposed U.S. Regulations Regarding Access to Beneficial Ownership Information and Related Safeguards

|Approved Changes|United States
United States

The Treasury Financial Crimes and Enforcement Network (FinCEN) has announced the issuance of a notice of proposed rulemaking (regulations) regarding access to beneficial ownership information and related safeguards in relation to the new beneficial ownership reporting requirements coming into effect on 1 January 2024. Under the new requirements, certain entities must file reports with FinCEN that identify two categories of individuals: the beneficial owners of the entity, and individuals who…

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