New Rules Requiring Entity Beneficial Ownership Disclosure Set to Take Effect January 1, 2024
U.S. Treasury Department's Financial Crimes Enforcement Center unit rules governing the disclosure of beneficial ownership information are currently set to become effective January 1, 2024. The new rules contain ambiguities regarding certain fundamental definitions, and do not definitively resolve issues regarding access to the beneficial owner information reported as well as mechanical aspects of the reporting procedures.
SEC Announces 2024 Examination Priorities
The Securities and Exchange Commission’s Division of Examinations announced its examination priorities for fiscal year 2024. Examination priorities, which are released annually, inform investors and registrants of the key risks, examination topics and priorities that DOE plans to focus on in the upcoming year.