Beneficial Ownership & Customer Due Diligence Archives

Corporate Transparency Act: Shell Companies, Shelf Companies, and Front Companies (and SPACs)

Bad actors and nation states, such as China and Russia, are becoming more proficient in using our financial system to […]

Corporate Transparency Act – There’s much that is Good, but there’s also some things that are Bad and other things […]

Executive Summary of the AML Act of 2020 On December 3, 2020 the Senate and House jointly issued a Conference […]

The Senate Banking Committee’s top Republican (Senator Crapo from Idaho) and top Democrat (Senator Brown from Ohio) have joined forces […]

I’ve written two articles on the CARES Act’s Paycheck Protection Program (PPP) – the $350 billion, or $350,000,000,000, pot of […]

SBA’s disaster loan programs suffer increased vulnerability to fraud and unnecessary losses when loan transactions are expedited to provide quick […]

On February 12, 2020, Treasury Secretary Mnuchin testified before the Senate Finance Committee on the President’s Fiscal Year 2021 budget. […]

Can something like the REAL ID Act of 2005 be used to solve the beneficial ownership issue? Without a national […]

House Financial Services Committee – FinCEN Director Blanco Written Testimony 5-16-18 What is interesting is what Director Blanco did not […]

Requiring financial institutions to collect the (one to five) names and PII of what may or may not be the […]