Treasury ends enforcement of database meant to stop shell company formation
> The #US Treasury Department announced it will not enforce a Biden-era small business rule intended to curb money laundering and shell company formation.
> In a Sunday evening announcement, Treasury said in a news release that it will not impose penalties now or in the future if companies fail to register for the agency's beneficial ownership information database
https://abcnews.go.com/Business/wireStory/treasury-ends-enforcement-business-ownership-database-meant-stop-119382850 #MAGA
R. Scott Pert /
npub1q0…m7jrw
2025-03-03 14:32:21
Author Public Key
npub1q0ukdlpguffm5ejesvz4qrked7k5wy28fs9v7qkmnsn5u0zlkw9qwm7jrwPublished at
2025-03-03 14:32:21Event JSON
{
"id": "d34520600d547957a6f3f62e29807fd76d9a0bd5eac3966b21b5667eb7fafaaa",
"pubkey": "03f966fc28e253ba66598305500ed96fad4711474c0acf02db9c274e3c5fb38a",
"created_at": 1741012341,
"kind": 1,
"tags": [
[
"t",
"us"
],
[
"t",
"maga"
],
[
"proxy",
"https://mastodon.cloud/users/raymondpert/statuses/114098984786901335",
"activitypub"
]
],
"content": "Treasury ends enforcement of database meant to stop shell company formation\n\n\u003e The #US Treasury Department announced it will not enforce a Biden-era small business rule intended to curb money laundering and shell company formation.\n\n\u003e In a Sunday evening announcement, Treasury said in a news release that it will not impose penalties now or in the future if companies fail to register for the agency's beneficial ownership information database\n https://abcnews.go.com/Business/wireStory/treasury-ends-enforcement-business-ownership-database-meant-stop-119382850 #MAGA",
"sig": "453ff85eae5c2b69c74ad2d80369fb9374581b72c9e6881e6112c7f9c1e03f2d10ac6e72988aae7a90b3285a36f897eea7682f78e4f9e4324de3b177ddaa52da"
}