We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

House Panel OKs Requiring Cos. To Identify Beneficial Owners

Law360 (June 12, 2019, 6:41 PM EDT) -- A House committee approved legislation Wednesday that would require companies to disclose the identity of their beneficial owners in an effort to unmask anonymous shell companies and help law enforcement combat illicit money laundering and tax evasion.

In a vote of 46-13, the House Committee on Financial Services favorably reported H.R. 2513, the Corporate Transparency Act of 2019, which would require U.S. companies to report the name, date of birth, passport or driver's license number and current address of those who receive the gain from company profits to the U.S. Department of the Treasury's Financial Crimes Enforcement Network. The bill may...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS