New York Democratic Representative Carolyn Maloney has formally re-submitted a bill that would establish an "exemption" to FATCA for U.S. citizens living and working outside of the U.S. – but this time, as an amendment to the National Defense Authorization Act. 

In spite of some determined opposition to beneficial ownership registers around the world – on grounds that they put the personal details of the individuals whose names appear on them at risk of being stolen, or otherwise illegally made use of – governments have also been introducing them more and more in recent years, in response to mounting pressure on them to address criminal activities such as money-laundering, tax evasion and fraud, as well as to avoid ending up on “tax haven blacklists”.