The U.S. Treasury Department is formally seeking feedback from financial institutions and other stakeholders to inform the development of a Congressionally mandated registry of U.S. beneficial owners.
The U.S. financial intelligence unit is close to revealing a proposed rule for creating a newly required database of beneficial owners and will seek feedback from financial institutions and other stakeholders on the project, the bureau's top official said Monday
The U.S. Senate overwhelmingly approved a defense spending bill Friday that includes sweeping reforms to the federal government's controls against financial crime three days after House lawmakers passed the legislation with a veto-proof majority.