The rule was enacted to “make it harder for bad actors to hide or benefit from their ill-gotten gains through shell companies ...

The U.S. Department of the Treasury announced on March 2, 2025 that it will not take any enforcement action against U.S. citizens and legal entities formed in the United States or their beneficial ...

The moves by the Justice Department come more than two months after Treasury Department officials told members of Congress that the agency’s networks had been compromised by Chinese hackers.