US renews stricter beneficial ownership rules for insurance firms doing business in the country’s biggest cities - AML Intelligence
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US renews stricter beneficial ownership rules for insurance firms doing business in the country’s biggest cities

By Dan Byrne for AMLi

The US financial crime watchdog has decided to continue a special arrangement of targeted, tougher beneficial ownership requirements in major cities.

Insurance companies will need to remain compliant with the rules in question if they are involved in certain types of real estate transactions, the Financial Crimes Enforcement Network (FinCEN) said in a statement Thursday.

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