Image: Joshua Roberts
Calvery said Fincen "was very keen" on developing a balanced proposal with "smart accommodations" for the industry that still maintained "the integrity of the U.S. financial system and … [aided] law enforcement."

How Fincen Tried to Limit Pain in 'Beneficial Owner' Plan

The Financial Crimes Enforcement Network has proposed forcing banks to identify those standing behind legal entity accounts, but also made a slew of accommodations meant to make the rule more palatable.

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