US Treasury lifts reporting requirement for US firms in anti-money laundering law

Kitco Media
By Reuters
Published:
Updated:
Reuters
US Treasury lifts reporting requirement for US firms in anti-money laundering law teaser image

WASHINGTON, March 26 (Reuters) - The U.S. Treasury on Wednesday published an interim final rule that removes a requirement for U.S. companies, citizens and other entities to report beneficial ownership information under an anti-money laundering law, narrowing the scope to foreign entities.

The revision follows an announcement by the Treasury earlier this month that the Treasury will stop enforcing, opens new tab the 2021 Corporate Transparency Act on U.S. citizens and domestic entities.

Reporting by David Lawder

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.