Big news about money! The US government decided not to force some businesses to reveal who really owns them. This law was supposed to stop bad guys from hiding money, but it was causing problems for small businesses. The government said it's too much work and is only going to focus on foreign companies for now.
- The government won't punish businesses for not sharing owner info.
- This was supposed to help stop money laundering (hiding illegally gotten money).
- The law caused problems for small businesses.
| What happened | Details |
|---|---|
| Law not enforced | US government won't punish businesses for not sharing owner info. |
| Reason | Too much work for small businesses |
| Focus | Now only on foreign companies |
