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FinCEN

The US Treasury's Financial Crimes Enforcement Network, which ran beneficial ownership reporting and sets the anti-money-laundering rules banks follow.

The short answer, then the detailChecked September 2026

The detail

What it means in practice.

FinCEN is the Treasury bureau behind beneficial ownership reporting and the rules banks follow to verify their customers. Since August 2026, US-formed companies report nothing to it directly, but its rules are why your bank asks the questions it does.

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