> The legislation has limitations. The general public won’t have access to the ownership data, a disappointment to anti-corruption campaigners, who say public scrutiny would help combat criminal activity.
Looks like the data will only be available at the Federal level and not open to the public.
> In another transparency setback, the law also exempts some entities from the disclosure requirements, including domestic investment funds that are advised and operated by a registered investment adviser.
Sounds like the practice of using Registered Agents will still be allowed to continue.
So it's a new law that will change how the Feds can access and prosecute organized crime, which is a good thing, but won't help much in allowing us to learn who really owns that new shinny LLC.
Looks like the data will only be available at the Federal level and not open to the public.
> In another transparency setback, the law also exempts some entities from the disclosure requirements, including domestic investment funds that are advised and operated by a registered investment adviser.
Sounds like the practice of using Registered Agents will still be allowed to continue.
So it's a new law that will change how the Feds can access and prosecute organized crime, which is a good thing, but won't help much in allowing us to learn who really owns that new shinny LLC.