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US Shutdown Would Impact FinCEN, Beneficial Ownership Implementation

By Fred Williams

Editor's note: President Joe Biden on Saturday signed a continuing resolution passed by the House and Senate to fund the government at fiscal 2023 levels until Nov. 17. Should lawmakers fail to agree on appropriations by then, the prospect of a federal government shutdown would reoccur. A looming lapse in congressional appropriations and subsequent shutdown of the federal government Sunday would slow implementation of the Corporate Transparency Act and throw a wrench into financial crime investigations, analysts told ACAMS moneylaundering.com. But the expected lapse would not affect the day-to-day oversight responsibilities of the Office of the Comptroller of the Currency,...

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