Skip to Primary Navigation

Skip to main content

Implications of appeals ruling blocking beneficial ownership registry assessed

Image of US Treasury Secretary Janet Yellen.
Photo: Tasos Katopodis/Getty Images
Julie DiMauro profile image

Julie DiMauro

3 min read

Companies won’t be subject to liability if they fail to file beneficial ownership details right now, but they can (and should consider) doing so.

The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) said it is appealing a ruling by a Texas judge blocking the implementation of a law intended to tamp down on the use of anonymous shell companies by criminals and other nefarious actors.

The ruling by District Judge Amos Mazzant on the financial

, , , , ,

Get full access, free for a month

Start your 28-day free trial to continue reading and access
all content on GRIP – no payment details required.

Start free trial Sign in

What’s included:

  • Every new article, plus our 5,000+ archive
  • Daily regulatory insight and guidance
  • Exclusive interviews and in-depth analysis
  • Coverage of industry-leading events and conferences
  • All podcasts and videos, featuring industry experts
  • The full set of Rules Navigator tools
  • An ad-free experience