Beneficial Ownership Information Reporting Requirements
Dear Acting Director Mosier:
On behalf of the National Association of Assistant United States Attorneys (NAAUSA), representing the interests of over 6,000 Assistant U.S. Attorneys working in the 94 U.S. Attorney Offices, I write to offer NAAUSA’s response to the request by the Financial Crimes Enforcement Network (FinCEN) of the Department of the Treasury (Treasury) for comment on an advanced notice of proposed rulemaking (ANPR) to implement the beneficial ownership reporting requirements in the Corporate Transparency Act (CTA).
Congress’ intent with the CTA was to create a meaningful database that is “highly useful” to law enforcement, including our nation’s criminal and civil prosecutors. …
