Here is a link to the guide.
Start reading this BS and you will see this is data collection at its finest by the U.S. government. They will share your information and every politician will have access to it. Just went into effect this year. The most likely culprits of money laundering and funneling of funds to terrorist organizations are all the financial industry institutions that are exempt from filing. Not to mention all the shell corps that use fake owners with fake addresses. Only punishes the honest people.
Maybe the ACLU will get involved and sue the government to stop this.