So why doesn’t existing AML catch this? You also mention FinCen which Trump paus... | Hacker News

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bix6 3 months ago | parent | context | favorite | on: U.S. banks may soon collect citizenship data from ...

So why doesn’t existing AML catch this? You also mention FinCen which Trump paused so why not just reinstate that?

busterarm 3 months ago [–]

He didn't "pause FinCEN", he stopped the reporting requirement of BOI for US Citizens/Companies.

bix6 3 months ago | [–]

Ok agreed. So why? If there is an issue with foreigners then why is anyone exempted from reporting BOI? I have foreigners in my entities, surely the gov wants to know about them?

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