Beneficial ownership
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FinCEN highlights need to modernize AML to reflect new threats
New rulemaking is being developed to apply Bank Secrecy Act standards to stablecoin issuers and digital asset platforms.
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SEC and beneficial owners – rethinking proxy voting in a complex system
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.
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New SEC reports inform public on capital formation and beneficial ownership
Data provided on Regulation A, crowdfunding, and private fund beneficial ownership concentration
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Credit Suisse admits to helping US taxpayers hide money
Bank pleads guilty to hiding more than $4 billion in assets and income and will pay more than $510m in penalties and fines.
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Podcast: LSEG’s Anna Rosenberg contemplates the regulatory road ahead
GRIP’s US Content Manager Julie DiMauro spoke to Anna Rosenberg, Senior Manager for Government Relations at LSEG in NY.
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FinCEN ends beneficial ownership reporting mandates for US firms
FinCEN removes beneficial ownership reporting requirements for US companies and US persons, but introduces new deadlines for foreign ones.
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Canada tables new regulations on money laundering and terrorist financing
Canada introduces regulations to help prevent money laundering, terrorist financing, and sanctions evasion, and to strengthen beneficial ownership transparency.
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FinCEN presses pause on beneficial ownership reporting, penalties
FinCEN to issue interim final rule extending reporting deadlines, and solicit comment on potential revisions to reporting requirements.