Texas Judge Ruling on Anti-Money Laundering Laws: What It Means for Small Businesses
In December 2024, a Texas federal judge blocked the nationwide enforcement of the U.S. Treasury’s anti-money laundering (AML) regulations, requiring small business ownership registration with the Treasury Department. These rules required businesses to disclose their beneficial owners to financial institutions, aiming to combat money laundering and other illegal activities. While the ruling is a win for privacy advocates, it also has significant […]
