Dear PATG Supporters:

• Requires corporations and limited liability companies to disclose their true, beneficial owners to FinCEN at the time the company is formed.
• Establishes minimum beneficial ownership disclosure requirements: companies must provide beneficial owners’ name, date of birth, current address, and driver’s license or non-expired passport number.
• Requires companies to file annually with FinCEN a list of its current beneficial owners, as well as a list of any changes in beneficial ownership that occurred during the previous year.
• Provides civil and criminal penalties for persons who willfully submit false or fraudulent beneficial ownership information, or who knowingly fails to provide complete or updated beneficial ownership information.