Greg Baer, chief executive of the Bank Policy Institute, a bank lobby group, said the law “allows banks to focus on the most dangerous offenders, at the direction of the Treasury”. Dennis Kelleher, president of Better Markets, a non-profit that is often critical of the banking industry, noted the bill was “supported by many across the entire ideological spectrum — the bottom line is that finally requiring transparency of actual owners hiding behind beneficial ownership disguises is a win-win for everyone”, except for criminals.

https://www.ft.com/content/498493c4-a138-4e5d-b926-a86ae317b8f4