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Judge Rules Against Corporate Transparency Act Disclosure Provision

An Alabama judge barred the government from collecting certain company ownership data to help the Treasury Department identify money launderers, and called the effort a case of congressional overreach.

By Kate Kelly

Financial Crimes Enforcement Network (Treasury Department) Law and Legislation McHenry, Patrick T Money Laundering National Small Business Assn Rounds, Mike Senate Committee on Banking Treasury Department United States Politics and Government

Why Lobbyists Are Still Fighting Congress on Money Laundering

A law to require disclosure of corporate ownership takes effect Jan. 1. Small businesses and banks say it would be too burdensome and are turning to lobbying and the courts to delay or block it.

By Kate Kelly