Back to Open Ownership map: Worldwide action on beneficial ownership transparency

Impact

United States of America

Find details about the United States of America's commitments to and implementation of beneficial ownership transparency reforms

Records last updated: 08 October 2024

Contact person: Alanna Markle

Committed to one or more

  • Live register
    Following the launch of one or more beneficial ownership registers, a country is labelled as Live register.

Implemented one or more

Data on the Open Ownership map is drawn from publicly-available sources and may not be comprehensive for all countries. For countries marked in grey we do not have information. If data is incorrect, or to submit new data, please fill in this form.

Implementation details

Beneficial Ownership Information System (BOIS)

Name
Beneficial Ownership Information System (BOIS)
Scope
Full-economy
Register launched
2024
Threshold used to determine beneficial ownership
25%
Structured data publicly available
No
Published as BODS
No
Available via API
No

Commitment details

Show further detail
  • The US included broad anti-money laundering reforms, including the Corporate Transparency Act (CTA), in the 2020 National Defense Authorization Act. The CTA will create a beneficial ownership register within the US Department of the Treasury's Financial Crimes Enforcement Network (FinCEN), requiring certain companies to report information on their beneficial owners to FinCEN. [15 December 2020] link to commitment
  • At the 2023 Summit for Democracy, the United States of America committed to effective implementation of beneficial ownership transparency measures and the maintenance of a beneficial ownership registry or an alternative mechanism [29 March 2023] link to commitment

Relevant articles and publications