Title

FinCEN begins rulemaking for beneficial ownership registry
Client Memorandum

Created date

4/5/2021

The Financial Crimes Enforcement Network of the U.S. Department of the Treasury has begun a rulemaking to implement the beneficial ownership reporting provisions of the new Corporate Transparency Act. This is the first step in creating a national registry of beneficial ownership information and issuing implementing regulations for the Anti-Money Laundering Act of 2020.