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Friday, August 14, 2026
The Trump administration has finalized a rule that will allow shell companies and other questionable entities to conceal their ownership from federal investigators, in a move that critics say will only further facilitate corruption in the U.S. The Treasury Department's Financial Crimes Enforcement Network announced on Tuesday that it is ending the regulation that requires companies to disclose beneficial ownership. This refers to situations in which a person actually controls and benefits from a company, but legal documents list the company under a different name, like a bank or accountant. |
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