US Drops Key Business Ownership Reporting Rule for Americans as Scott Bessent Hails 'Victory' for Small Businesses—'Gift to Cartels,' Warns Elizabeth Warren
Treasury exempts US firms and individuals from FinCEN ownership reporting, with Scott Bessent calling it a win for small businesses.
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Why It Matters
The government stopped requiring small business owners to report who really owns their companies. Some people think this helps small businesses, but others worry it could let bad people hide illegal money.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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