BPI expressed support for FinCEN’s effort to implement the Corporate Transparency Act, a new anti-money laundering measure that targets anonymous shell companies, in a comment letter to the bureau submitted this week. BPI proposed recommendations meant to make the AML changes effective and useful, both for banks detecting money laundering and for law enforcement officials fighting human trafficking, terrorism financing and other crimes.
AML, Bank Secrecy Act and Sanctions
FinCEN Must Preserve Beneficial Ownership Data Usefulness, Discourage Inappropriate Reporting Omissions
FinCEN Must Preserve Beneficial Ownership Data Usefulness, Discourage Inappropriate Reporting Omissions
AML, Bank Secrecy Act and Sanctions
BPI Responds to FinCEN Request for Comments Regarding Beneficial Ownership Information Reports
BPI Responds to FinCEN Request for Comments Regarding Beneficial Ownership Information Reports
AML, Bank Secrecy Act and Sanctions
Russian Oligarchs Hide Money in U.S. Only Reliable Data Can Stop Them.
Russian Oligarchs Hide Money in U.S. Only Reliable Data Can Stop Them.
AML, Bank Secrecy Act and Sanctions
BPI Comments on FinCEN Proposed Rulemaking on Access to and Safeguards for Beneficial Ownership Information
BPI Comments on FinCEN Proposed Rulemaking on Access to and Safeguards for Beneficial Ownership Information
AML, Bank Secrecy Act and Sanctions
Business-Ownership Registry Access Rules Should Ensure Banks Can Focus on Threats
Business-Ownership Registry Access Rules Should Ensure Banks Can Focus on Threats
AML, Bank Secrecy Act and Sanctions
BPI and ABA Respond to FinCEN Advanced Notice of Proposed Rulemaking on Establishing a No Action Letter Process
BPI and ABA Respond to FinCEN Advanced Notice of Proposed Rulemaking on Establishing a No Action Letter Process
