Thanks to its its current watered-down definition of beneficial owners, the OECD found the US to only be partly compliant with its rules on the transparency of beneficial ownership information.
Beneficial ownership
The settlement is a lukewarm end to a case in which the SEC alleged Musk avoided paying about $150m.
New rulemaking is being developed to apply Bank Secrecy Act standards to stablecoin issuers and digital asset platforms.
Efforts to engage with beneficial owners and provide them with mechanisms for influencing governance outcomes appear to be converging with a broader regulatory push for transparency.
Data provided on Regulation A, crowdfunding, and private fund beneficial ownership concentration
Bank pleads guilty to hiding more than $4 billion in assets and income and will pay more than $510m in penalties and fines.
GRIP's US Content Manager Julie DiMauro spoke to Anna Rosenberg, Senior Manager for Government Relations at LSEG in NY.
FinCEN removes beneficial ownership reporting requirements for US companies and US persons, but introduces new deadlines for foreign ones.