Businesses will not have to reveal their owners after an appeals court reversed a move that would have forced them to disclose the information by Jan. 1.

A U.S. appeals court has halted enforcement of an anti-money laundering law that requires corporate entities to disclose the identities of their real beneficial owners to the U.S. Treasury Department ahead of a deadline for most companies to do so.

Banks such as TD, Wells Fargo and Bank of America drew attention this year for money-laundering issues. That's one of several top regulatory news items in 2024.

Millions of companies may have to report information about their owners to the Treasury Department by Jan. 1 under an appeals court ruling.

A federal appeals court on Monday lifted an order blocking the nationwide enforcement of an anti-money laundering law that requires corporate entities to disclose the identities of their real beneficial owners,