Posts Categorized: Data Privacy

FinCEN Issues Final Beneficial Ownership Rule

Posted by admin & filed under Corporate, Data Privacy, Uncategorized.

On September 22, 2022, the Financial Crimes Enforcement Network (“FinCEN”) of the U.S. Department of the Treasury issued a final rule (the “Rule”) under the Anti-Money Laundering Act and the Corporate Transparency Act. The Rule requires certain entities to report beneficial ownership. “Reporting Companies” are (i) domestic entities created by filing with a state secretary… Read more »