Rule on Access to Firms’ Owner Info Clears White House Review

A Treasury Department rule on who will have access to newly gathered information on companies’ ownership, and how the government will safeguard the information, has completed White House regulatory review.

The White House’s Office of Information and Regulatory Affairs completed review of the final rule on Monday, according to OIRA’s website.

• The rule governs who will be able to use “beneficial ownership” information that millions of US and foreign companies must disclose to Treasury’s Financial Crimes Enforcement Network, or FinCEN, starting in January.
• The information is intended to help officials crack down on global criminal activity and corruption, by ...