Reposted by Mike
In two posts on X, Fried said the “purpose” behind Treasury eliminating the requirement was “unclear,” and predicted the department’s move will face legal challenges.
thehill.com/business/602...
thehill.com
Treasury Department repeals Biden-era reporting requirement for US businesses
The Treasury Department on Tuesday officially repealed a requirement for American companies and individuals to report beneficial ownership information to its Financial Crimes Enforcement Network, o…