FinCEN scraps beneficial ownership rules for US firms

The Financial Crimes Enforcement Network (FinCEN) has repealed the beneficial ownership information reporting requirements for US companies, reversing a key anti-money laundering transparency measure.

This Wire brief sits within Fusion42's coverage of Fintech. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur reasons over.