Grassley, Whitehouse blast Treasury decision on FinCEN

Sens. Chuck Grassley (R-Iowa) and Sheldon Whitehouse (D-R.I.) issued a statement Thursday blasting the Treasury Department’s decision to exempt 99 percent of entities that were previously required to report beneficial ownership to its Financial Crimes Enforcement Network (FinCEN). The senators issued a joint statement warning the final rule, which was published on Tuesday, undermines the…