[Video] Regulatory Ramblings: Episode 67 – Selective Enforcement & Global Risk: A Tectonic Shift in AML / Flawed from the Start: Why the Corporate Transparency Act Was Bound to Break with Malcolm Nance, Oonag
By EsqSocial Corporation 16/04/25
The US Treasury Department announced in early March that it would halt enforcing “any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadlines, but it will further not enforce any penalties or fines against U.S. citizens or domestic reporting companies or their beneficial owners after the forthcoming rule changes take effect either.” The net result: the US government will no longer require shell companies to disclose their...
By: Thomas Fox - Compliance Evangelist