{"id":40252,"date":"2026-08-12T06:49:47","date_gmt":"2026-08-12T01:49:47","guid":{"rendered":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/?p=40252"},"modified":"2026-08-12T06:49:47","modified_gmt":"2026-08-12T01:49:47","slug":"trump-administration-finalizes-ownership-reporting-exemption-for-us-firms","status":"publish","type":"post","link":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/?p=40252","title":{"rendered":"Trump administration finalizes ownership reporting exemption for US firms"},"content":{"rendered":"<p><script>\r\n  atOptions = {\r\n    'key' : '644b717812d811d6a1c1fc5b6ccd6fa6',\r\n    'format' : 'iframe',\r\n    'height' : 90,\r\n    'width' : 728,\r\n    'params' : {}\r\n  };\r\n<\/script>\r\n<script src=\"https:\/\/www.highperformanceformat.com\/644b717812d811d6a1c1fc5b6ccd6fa6\/invoke.js\"><\/script>\r\n<br \/>\n<\/p>\n<div data-article-body=\"true\" data-body-type=\"bodyblocks\">\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Aug 11 (Reuters) &#8211; The Trump administration on Tuesday finalized a rule exempting U.S. companies and individuals from \u200creporting beneficial ownership information to the Treasury Department&#8217;s financial \u200ccrimes unit, rolling back reporting requirements established under a 2021 law aimed \u200bat combating illicit finance.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">The Treasury Department&#8217;s Financial Crimes Enforcement Network, or FinCEN, will still require foreign reporting companies to disclose beneficial ownership information for foreign individuals, the department said in a \u200cstatement.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">&#8220;Treasury is eliminating a \u2060burdensome reporting requirement for millions of law-abiding business owners without compromising our national security,&#8221; Treasury \u2060Secretary Scott Bessent said in the statement.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Beneficial owners are defined as anyone who has an ownership interest of at least 25% \u200bin a \u200bbusiness or someone who exerts &#8220;substantial \u200bcontrol&#8221; over the entity.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">FinCEN \u200chad previously implemented rules requiring certain companies to report beneficial ownership data as part of anti-corruption and anti-money laundering efforts backed by lawmakers and the Treasury Department under former President Joe Biden.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">The Treasury Department said that FinCEN will delete previously \u200creported information by Americans from the \u200bgovernment&#8217;s beneficial ownership information database.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Under the \u200brule finalized on Tuesday, \u200bforeign companies would not be required to \u200creport Americans who helped those foreign \u200bcompanies register \u200bto do business in the United States.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">It also exempts foreign pooled investment vehicles registered in the United States from \u200breporting the beneficial \u200cownership information of a U.S person in control of \u200bthe investment vehicle, the Treasury Department said.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">(Reporting by Ismail \u200bShakil; editing by Michelle Nichols )<\/p>\n<\/div>\n<script async=\"async\" data-cfasync=\"false\" src=\"https:\/\/pl30214220.effectivecpmnetwork.com\/9ab3d4df8a7e1a6171e16ddbf732cc19\/invoke.js\"><\/script>\r\n<div id=\"container-9ab3d4df8a7e1a6171e16ddbf732cc19\"><\/div>\r\n\n","protected":false},"excerpt":{"rendered":"<p>Aug 11 (Reuters) &#8211; The Trump administration on Tuesday finalized a rule exempting U.S. companies and individuals from \u200creporting beneficial ownership information to the Treasury Department&#8217;s financial \u200ccrimes unit, rolling back reporting requirements established under a 2021 law aimed \u200bat combating illicit finance. The Treasury Department&#8217;s Financial Crimes Enforcement Network, or FinCEN, will still require&#8230;<\/p>\n","protected":false},"author":1,"featured_media":40253,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s.yimg.com\/lo\/mysterio\/api\/ef6058213f1780d173258f831edd44358a299e604f88a1e0b6b786cf6ccac420\/lightyear_networkapi\/resizefill_w800_h533%3Bquality_80%3Bformat_jpg\/https%3A%2F%2Fmedia.zenfs.com%2Fen%2Freuters.com%2F18a1e5b30f69549e0ffe16abc2f37567.jpg","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-40252","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-trending-viral-news"],"brizy_media":[],"_links":{"self":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts\/40252","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40252"}],"version-history":[{"count":0,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/posts\/40252\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=\/wp\/v2\/media\/40253"}],"wp:attachment":[{"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usnews-14267fa.ingress-comporellon.ewp.live\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}