FinCEN Eliminates Ownership Registry; Ends CTA

Posted 8/11/26

The move reverses a central element of a landmark anti-money-laundering law designed to expose the individuals behind anonymous shell companies. While Treasury says the change will relieve millions of legitimate small businesses of an unnecessary compliance burden, financial-crime experts warn it will create a major blind spot for banks and law-enforcement agencies investigating corruption, fraud, sanctions evasion and terrorist financing.

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