House Hearing on CTA Regs, Database Purge
Earlier this week we covered the latest effort in Congress to make things right when it comes to the Corporate Transparency Act. That starts with deleting the beneficial owner database that’s not just unnecessary but actively puts millions of Americans’ sensitive information at risk.
Thanks in large part to Congressman Warren Davidson, who chairs the Financial Services Committee’s Subcommittee on National Security, Illicit Finance, and International Financial Institutions, we now have a bit more clarity on where things stand. At a hearing convened Tuesday, FinCEN Director Andrea Gacki offered the following response to a question from the panel:
Along with …
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