Creating Transparency: Beneficial Ownership Rules Finalized
The Anti-Money Laundering Act of 2020 (AMLA 2020) requires FinCEN to implement and maintain a database to identify people who ultimately own or control legal entities (called ultimate beneficial owners, or UBOs). The requirement was designed to add transparency and address deficiencies in the U.S.… Read More »Creating Transparency: Beneficial Ownership Rules Finalized