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MoFo Reenforcement The Enforcement Blog

Tag Archives: NPRM

FinCEN Issues a Proposed Beneficial Ownership Rule

Posted in Regulatory Developments

On December 7, 2021, the Financial Crimes Enforcement Network issued a Notice of Proposed Rulemaking to implement the beneficial ownership information reporting provisions of the Corporate Transparency Act, which was contained in the Anti-Money Laundering Act of 2020. The Proposed Rule addresses comments that FinCEN received in response to its April 5, 2021 Advance Notice of Proposed Rulemaking. FinCEN… Read More