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#2182549 - 06/21/18 01:20 PM BO Rules repealed?
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#2182556 - 06/21/18 01:57 PM Re: BO Rules repealed? Retired DQ
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The text of the bill found here does not eliminate FinCEN's rule. The original version of the bill would have required that legal entities submit beneficial ownership information to a federal registry. That portion was stricken.

This bill provides an 18 month safe harbor prohibiting enforcement actions against banks provided they have made a good faith effort to comply and requires that a study be performed on the effectiveness of the rule in two years.

In other words...don't shred those certifications just yet.
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#2182567 - 06/21/18 02:26 PM Re: BO Rules repealed? Retired DQ
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LOL, thanks. After a second read, that was what I gleaned.
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