A delegation of the European Parliament’s Inquiry Committee into money laundering, tax evasion and tax avoidance met with U.S. officials during a fact-finding mission from 21 to 24 March. According to a Parliament release on the visit, the main discussions held during the visit concerned ultimate beneficial ownership registers of companies and whether such information should be made publicly accessible, the reporting of suspicious transactions by banks and intermediaries, the robustness of client due diligence regulation, reporting standards and obligations, special tax loopholes such as in the state of Delaware, and the U.S. sanctions regimes. Although the visit was mainly...