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Beneficial Ownership National Database in 2022?

Answered by: 

Question: 
Is it true there will be a national beneficial ownership database?
Answer: 

Yes, the new AML bill of 2020 passed in 2021 requires FinCEN to establish a national beneficial ownership database. We are awaiting regulation changes that should be out by next year.

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Learn more about Deborah Crawford’s BSA Officer Annual Training 2021 webinar.

First published on 07/18/2021

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