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None of the information is public anyway. > The information about the true owners would not be publicly available, however. FinCEN could release information on
by DennisP 6y ago
None of the information is public anyway.
> The information about the true owners would not be publicly available, however. FinCEN could release information only after receiving a proper request from a local, state, tribal or federal law enforcement agency, or a request by a foreign country. That means ownership information would not be publicly available to identify who is actually behind an investment.
https://www.nytimes.com/2019/07/11/business/dealbook/llc-shell-companies-money-laundering.html https://www.nytimes.com/2019/07/11/business/dealbook/llc-she...
- acrefoot 6y agoFiles from FinCEN were leaked in September to Buzzfeed and icij.org
- DennisP 6y agoI'm just saying I don't think privacy was a motivation for the exemptions. Would policymakers have considered the possibility of FinCEN leaks? That'd be pretty unusual, since usually they assume it's fine for government agencies to collect as much information as possible.