Back to Open Ownership map: Worldwide action on beneficial ownership transparency

Impact

United States of America

Find details about the United States of America's commitments to and implementation of beneficial ownership transparency reforms

Records last updated: 12 November 2023

Contact person: Tymon Kiepe

Committed to one or more

  • Implementing
    After work starts on implementing a register, a country is in the Implementing stage.

Implemented one or more

Data is drawn from publicly-available sources and may not be comprehensive for all countries. If data is incorrect, please let us know.

Implementation details

Commitment details

Show further detail
  • The US included broad anti-money laundering reforms, including the Corporate Transparency Act (CTA), in the 2020 National Defense Authorization Act. The CTA will create a beneficial ownership register within the US Department of the Treasury's Financial Crimes Enforcement Network (FinCEN), requiring certain companies to report information on their beneficial owners to FinCEN. [15 December 2020] link to commitment
  • The United States of America made a commitment to beneficial ownership transparency and effectively implementing FATF’s revised Recommendation 24 during the second Summit for Democracy [29 March 2023] link to commitment

Relevant articles and publications