Requiring Disclosure of Business Entity Ownership: Proposed New Laws are Burdensome, But with the Benefit of Being Ineffective

4 Pages Posted: 7 Aug 2010

Date Written: August 5, 2010

Abstract

A trio of proposals is currently pending that purport to answer the question of how law enforcement may access information on the identities of owners of business entities that are or may be being used for nefarious purposes. The Uniform Law Enforcement Access to Entity Information Act, the Incorporation Transparency and Law Enforcement Act and a recent proposal from the Treasury Department all aim to address the asserted connection between the utilization of business entities for money laundering, terrorism support and similar activities and asserted needs of law enforcement to access names and other identifying information with respect to the beneficial owners of those business entities.

Suggested Citation

Rutledge, Thomas E., Requiring Disclosure of Business Entity Ownership: Proposed New Laws are Burdensome, But with the Benefit of Being Ineffective (August 5, 2010). Journal of Passthrough Entities, p. 59, July-August 2010, Available at SSRN: https://ssrn.com/abstract=1653822

Thomas E. Rutledge (Contact Author)

Stoll Keenon Ogden PLLC ( email )

2000 PNC Plaza
500 West Jefferson Street
Louisville, KY 40202-2828
United States

HOME PAGE: http://skofirm.com

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