A non-partisan alliance of more than 100 US and international organisations working toward a fair tax system has “applauded” the proposal by the US treasury department’s Financial Crimes Enforcement Network (FinCEN) for revised rules on beneficial ownership information reporting requirements (Trade-based… Read More ›

ABA
Difficult to assess FinCEN’s beneficial ownership reporting proposals say US banks
The American Bankers Association (ABA) has responded to the proposal by the US treasury department’s Financial Crimes Enforcement Network (FinCEN) for revised rules on beneficial ownership information reporting requirements (Trade-based Financial Crime, 30 December 2020). The association says it supports… Read More ›
FATF’s view on US beneficial ownership arrangements not enough for ABA
The Financial Action Task Force (FATF) has upgraded its assessment of the US’ anti-money laundering and counter-financing of terrorism (AML/CFT) compliance framework. But the American Bankers Association (ABA) and US legislators are calling for much more stringent disclosure of beneficial… Read More ›