Treasury watchdog on a 'full court press' to spread awareness of new business registry rules
WASHINGTON — Over 700,000 companies have submitted data to Treasury's new beneficial ownership information registry, a senior Treasury official said on Wednesday. But the number is far below what's needed to reach an estimated 32.6 million registrants by year's end. "I think as people in businesses become more aware of the requirement, the sort of provable experience of it only taking 15 to 20 minutes ... I feel like, the sense out there (is) people are feeling more comfortable with this, but we recognize we have a lot of work left to do," Brian Nelson, under secretary for terrorism and financial intelligence for the Treasury Depa