Estados Unidos suspende la Ley de Transparencia Corporativa y la obligación de informar beneficiarios finales

The U.S. Department of the Treasury has suspended enforcement of the Corporate Transparency Act and its beneficial ownership information (BOI) reporting requirements, withdrawing penalties and limiting the rule’s application solely to foreign companies. This decision, justified as regulatory relief to promote prosperity and protect small businesses, eliminates the critical obligation to disclose the true owners behind corporate entities. For Argentine investors, this measure reinforces the distinction between the OECD standard and the FATCA agreement currently in force between the two countries. Under the FATCA framework, information exchange with Argentina’s Federal Administration of Public Revenue (AFIP) focuses exclusively on the account holder, whether an individual or a legal entity, and does not include data on beneficial owners. This means that, unlike other international standards, Argentina will not receive information regarding the actual control of U.S. corporate structures. The relevance of this development for open data lies in its direct impact on the availability of data on effective ownership. By eliminating these transparency requirements, the flow of public and accessible information about corporate shareholding structures is significantly reduced, hindering efforts to combat money laundering and tax evasion. This represents a setback for global corporate transparency and limits the ability of researchers and civil society to audit the true ownership of economic entities.

Source: iprofesional.com
Published on 2025-03-08

Estados Unidos suspende la Ley de Transparencia Corporativa y la obligación de informar beneficiarios finales

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