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"The law requires anyone registering a new company to disclose the name, address and date of birth of the real owners, and an identification number for each own
by rendx 6y ago
"The law requires anyone registering a new company to disclose the name, address and date of birth of the real owners, and an identification number for each owner, such as a driver’s license or passport number. Corporations and LLCs that already existed before the law’s adoption must disclose their ownership information to the Treasury Department within two years.
[...]
The Treasury Department’s Financial Crimes Enforcement Network will collect the data and provide ownership details to law-enforcement agencies and banks upon request.
The legislation has limitations. The general public won’t have access to the ownership data, a disappointment to anti-corruption campaigners, who say public scrutiny would help combat criminal activity.
Bullock, the Delaware secretary of state, said these limits on access to the data were one reason the state supported the legislation."
- hedora 6y agoOne set of rules for us, another set of rules for them. Disappointing, but not surprising.
- pc86 6y agoWhat are you referring to?
- hedora 6y agoThe powers that be can still have anonymous shell companies. They just need to make sure that the part of the government with access to the registration doesn’t investigate them. It sounds like the legislation wouldn’t have passed without that loophole, which implies a significant number of influential people intend to exploit it.
- pjc50 6y agoThe ID information is private because otherwise it would be impossible to run a company without having your identity stolen.
- extropy 6y agoThe concept of identifying information being sufficient for identity theft is so weird for me as a EU citizen. Can't we please finally separate identification from authorization in US?
- CincinnatiMan 6y agoHow does the EU accomplish it?
- saghm 6y agoI mean, they could have just made the name and address public while keeping the rest private, right? I'm pretty sure that access to a phone book doesn't give you the ability to steal the identities of an entire town.