In “Beneficial Ownership Regime’s Demise Removes Tool for Banks” (American Banker, 12 August 2026), Himamauli Das comments on FinCEN’s final rule exempting domestic companies and U.S. persons from most beneficial ownership reporting requirements, noting potential implications for financial crime investigations, customer due diligence, and U.S. implementation of global beneficial ownership standards.
“As we approach the 25th anniversary of the 9/11 attacks, it’s important that the U.S. government and financial institutions do not lose sight of their critical role in protecting U.S. taxpayers, businesses, and ultimately the integrity of the financial system [as well as] ensuring that private sector resources are leveraged in an efficient and cost-effective manner,” Him said.
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