June 10 2019
A bipartisan group of U.S. senators on Monday announced they were introducing a bill to toughen U.S. laws requiring shell companies to disclose their true owners’ identity.
Two Republicans on the Senate Banking Committee, Tom Cotton and Mike Rounds, and Democratic committee members Mark Warner and Doug Jones said their proposed new law would improve corporate transparency, strengthen national security and make it easier for investigators to crack down on illicit financial activity by terrorists, drug dealers and other criminals.