Monthly Archives: January 2021

True corporate transparency now: A new legislative tool will help fight fraud and terrorism, but we must go further (Op-Ed by Cyrus Vance, Jr.)

Members of Congress and advocacy groups, such as Transparency International, deserve credit for their monumental achievement on anonymous shell companies. The great thing about accomplishing so much on the year’s opening day is there’s nothing but time to achieve greater incorporation transparency in 2021.

Long A New York Real Estate Mainstay, LLCs Lose Their Anonymity

For years, law enforcement officials have warned that this situation presents an attractive loophole for criminals looking to launder the proceeds of their crimes. In 2018, Manhattan District Attorney Cyrus Vance, Jr., called for a national register of beneficial owners, similar to the one created under the regulations Congress just approved.