FinCEN Issues Final Rule on Access to Companies’ Ownership Info ...Middle East

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FinCEN Issues Final Rule on Access to Companies’ Ownership Info
A Treasury Department unit issued a final rule on who will have access to newly gathered information on companies’ ownership and how the information will be safeguarded. The final rule (RIN 1545-AB59) from Treasury’s Financial Crimes Enforcement Network, or FinCEN, was issued Thursday. The rule governs who will be able to use “beneficial ownership” information that millions of US and foreign companies must disclose to FinCEN starting Jan. 1. The information is intended to help officials crack down on global criminal activity and corruption, by preventing money laundering by anonymous shell companies that helps fund terrorism, drug trafficking, … The post FinCEN Issues Final Rule on Acce

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