Congress Votes on Corporate Transparency Act (tags)
Washington DC - The House of Representatives scheduled a vote for 5:15 PM EST on the Corporate Transparency Act of 2019 (H.R. 2513). The bill reveals the true owners of "anonymous" shell companies to law enforcement.
Financial Transparency Legislation Clears House Financial Services Committee (tags)
The bill would create a database of the real "beneficial owners" of American companies, potentially unmasking the true owners of thousands of shell companies.
Treasury Takes Aim at Shell Companies (tags)
The US Treasury is calling for greater scrutiny into the use of "anonymous" shell companies. Last week, Treasury Secretary Steven Mnuchin urged Congress to quickly pass legislation to make the identity of shell company owners available to law enforcement.
European Union Votes on Corporate Transparency Regulations (tags)
The European Parliament is set to vote on landmark corporate transparency rules known as "country-by-country" reporting.