And this is just one of the many tools that the state uses to track everyone, to have all the information about its citizens. But all this only "in their own interests"...of course :)


kurszusz

large companies were exempt from this reporting requirement

utterly corrupt legislation


kepford

all the exemptions were for large businesses or 5 million plus in annual revenue


Bell_curve

Intended to thwart money-laundering and other financial crimes facilitated by shell companies, the beneficial ownership information (BOI) rule would have put the ownership information of more than 32 million entities in a US Treasury database, with no exemption for even the smallest. Business owners were supposed to report each beneficial owner's name, birthdate and address to the Financial Crimes Enforcement Network (FinCEN) -- and upload an image of a drivers license, passport or other acceptable form of identification.

Politics_And_Law

> Intended to thwart money-laundering and other financial crimes facilitated by shell companies, the beneficial ownership information (BOI) rule would have put the ownership information of more than 32 million entities in a US Treasury database, with no exemption for even the smallest. Business owners were supposed to report each beneficial owner's name, birthdate and address to the Financial Crimes Enforcement Network (FinCEN) -- and upload an image of a drivers license, passport or other acceptable form of identification.  