Finally! U.S Congress bans anonymous shell companies to fight money-laundering
U.S. officials like to accuse the European state of not acting consistently enough against money laundering and terrorist financing. However, the fact is that the obligation to disclose the ultimate beneficial owners (UBO) behind companies has been in place in the EU for several years. There are no more anonymous shareholders in the EU. In the U.S., such a law has only now been passed.