Partner Daniel Tehrani was quoted in a Tax Notes article about the US Department of the Treasury Financial Crimes Enforcement Network’s (FinCEN’s) ability to manage a beneficial ownership register created to implement updates to the US anti-money laundering regime.
Commenting on the process and timeframe, Dan said that “even assuming FinCEN is able to promulgate the implementing regulations by January 1, 2022, it will take time before data is provided to FinCEN, safely stored, and securely shared.”
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