The U.S. Treasury Department says it will not enforce a Biden-era small business rule intended to curb money laundering and ...

Despite efforts by small businesses to undo the rule in the courts ... data with the agency. Business leaders cite privacy and security concerns about the database and say it is duplicitous ...

Supporters of the database raised alarm.Ian Gary ... Department announced it will not enforce a Biden-era small business rule intended to curb money laundering and shell company formation.

Treasury Ends Enforcement of Business Ownership Database Meant ... site praised the suspension of enforcement of the rule and said the database is “outrageous and invasive.” ...