In the News: US Corporate Transparency Act; China AI Regulations; and Generali Group Buys Generali China Insurance

Entities doing business in the U.S. must report information about their beneficial ownership to FinCEN; China bans researchers for listing AI-generated content as a co-author of their papers; and Italian Generali conducts first-ever foreign insurance acquisition in China

6 minute readJanuary 18, 2024 at 04:26 AM

Clarence Lee

& Krista Lee

US Requires All Entities to Disclose Their Ownership Structures

Effective January 1 of this year, the U.S. government has implemented requirements for both U.S. and non-U.S. entities conducting business in the United States to disclose detailed information about their operations, any beneficial ownership they have, and the individuals and entities that exercise substantial control over them.

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