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Financial Industry Regulation

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Treasury scraps US ownership-disclosure rule for domestic firms
economic-policy2 hours ago

Treasury scraps US ownership-disclosure rule for domestic firms

The U.S. Treasury permanently repealed a rule requiring domestic companies to report their beneficial owners to federal financial-crimes investigators; foreign-owned entities and funds must still report foreign ownership, and Treasury will delete existing data on U.S. owners. Supporters say the move reduces compliance burdens without compromising security, while critics warn it could aid criminals by weakening ownership scrutiny.