Ultimate Beneficial Owner legislation at a glance – The EU and the US – both taking steps, but are they in the right direction?
It is now one month to go before the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) publishes regulations regarding mandatory beneficial ownership reporting requirements as required by the Corporate Transparency Act. Let’s look at how this compares with the EU’s experience with UBO registers and whether there are any lessons to be learned.
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