The Corporate Transparency Act (CTA) was adopted by Congress in January 2021 and became effective on January 1, 2024. Under the CTA and the initial regulations implementing it, “reporting companies” (corporations, LLCs,...more
4/21/2025
/ Beneficial Owner ,
Business Entities ,
Business Ownership ,
Corporate Transparency Act ,
Disclosure Requirements ,
Filing Deadlines ,
Filing Requirements ,
FinCEN ,
Foreign Corporations ,
Interim Final Rules (IFR) ,
Reporting Requirements ,
U.S. Treasury
The Trump administration may be utilizing early exit provisions in the GSA lease cancellations and terminations reported to date, but prudent contractors should prepare for other potential tactics to end other leases the...more
Owners, lenders and investors in real property have long relied on ASTM E 1527-21, a product of ASTM International, in connection with Phase I Environmental Site Assessments. This product is used to establish that “all...more
1/30/2025
/ ASTM ,
CERCLA ,
Climate Change ,
Disclosure Requirements ,
Environmental Policies ,
Environmental Site Assessment ,
Environmental Social & Governance (ESG) ,
Property Owners ,
Real Estate Investments ,
Real Estate Transactions ,
Risk Management ,
Sustainability
The saga of the CTA continues. Adopted in January 2021, the Corporate Transparency Act (CTA) is intended to assist in identifying beneficial ownership and control of entities operating in the United States in order to...more
1/28/2025
/ Anti-Money Laundering ,
Beneficial Owner ,
Business Entities ,
Constitutional Challenges ,
Corporate Counsel ,
Corporate Transparency Act ,
Enforcement ,
FinCEN ,
Preliminary Injunctions ,
Regulatory Requirements ,
SCOTUS
Last week, on one of his final days in office, President Biden signed an executive order aimed at boosting the development of energy facilities and data centers for artificial intelligence (AI) technology....more
The Fifth Circuit Court of Appeals has stayed the preliminary injunction issued on December 3, 2024, in the Texas Top Cop Shop case by a U.S. District Court. As a result, the original beneficial ownership reporting...more
12/27/2024
/ Appeals ,
Beneficial Owner ,
Business Entities ,
Compliance ,
Corporate Transparency Act ,
Filing Deadlines ,
Filing Requirements ,
FinCEN ,
Preliminary Injunctions ,
Reporting Requirements ,
Stays ,
Time Extensions
Beneficial Ownership Reports are filed electronically through the Financial Crimes Enforcement Network.
Individuals who need to be reported as beneficial owners or company applicants should apply for a FinCEN ID number....more
FINCEN’s final rule (RRE Rule), effective December 1, 2025, will require disclosure of the transferor and transferee(s) and the individuals and the beneficial owners of entities involved as transferee in the transfer of...more
9/10/2024
/ Bank Secrecy Act ,
Beneficial Owner ,
Corporate Transparency Act ,
Disclosure Requirements ,
Exemptions ,
Final Rules ,
Financial Institutions ,
FinCEN ,
Real Estate Transfers ,
Reporting Requirements ,
Residential Real Estate Market
FinCEN is focused on customer due diligence, and both the 2024 Investment Adviser Risk Assessment and proposed rule indicate that investment advisers will be expected to assess customer identity, business model, and sources...more
3/15/2024
/ AML/CFT ,
Anti-Corruption ,
Anti-Money Laundering ,
Bank Secrecy Act ,
Beneficial Owner ,
CDD ,
CFIUS ,
China ,
Customer Identification Program (CIP) ,
Due Diligence ,
Exempt Reporting Advisers (ERAs) ,
Financial Institutions ,
FinCEN ,
Infrastructure ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Investors ,
No-Action Letters ,
Popular ,
Private Funds ,
Proposed Rules ,
Risk Assessment ,
Russia ,
Securities and Exchange Commission (SEC) ,
SIFMA ,
Suspicious Activity Reports (SARs) ,
Technology Sector
The Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a rule that extends the deadline from 30 days to 90 days for reporting companies created or registered in 2024 to file initial beneficial...more
Parties engaging in rescue capital transactions should prepare to meet the recapitalization demands of real estate entities.
Many real estate investment vehicles are suffering from an “equity gap” in their capital...more
1/10/2023
/ CMBS ,
Debt ,
Foreclosure ,
GAAP ,
Insolvency ,
Interest Rates ,
Investors ,
Lenders ,
Price Inflation ,
Real Estate Investments ,
Real Estate Transactions ,
Refinancing ,
Voting Rights
In episode #29 of Industry Insights podcast, Andrew Weiner joins host Joel Simon for the second episode of our two-part examination of the Corporate Transparency Act (CTA). In this episode, Weiner turns his attention to the...more
One portion of the National Defense Authorization Act creates a federal beneficial ownership registry, with reporting requirements for corporations, LLCs and “other similar entities.”
The Corporate Transparency Act creates...more
1/7/2021
/ Anti-Money Laundering ,
Compliance ,
Control Test ,
Disclosure Requirements ,
FinCEN ,
Fund Sponsors ,
Investors ,
NDAA ,
Real Estate Development ,
Reporting Requirements ,
Standard Operating Procedures ,
Transparency
Building on existing New York State protections, the New York City Council has passed a bill providing protections for individuals who have guaranteed leases for premises affected by COVID-19. Will the Mayor sign?
The New...more
The CARES Act continues to provide crucial financial assistance for small and midsize businesses as well as tax relief for property owners and real estate companies.
The Paycheck Protection Program and Health Care...more
4/28/2020
/ CARES Act ,
Economic Injury Disaster Loans ,
Financial Assistance Policies ,
Loan Forgiveness ,
Main Street Expanded Loan Facility ,
Main Street Lending Programs ,
Main Street New Loan Facility ,
Paycheck Protection Program (PPP) ,
Payroll Taxes ,
Property Owners ,
Relief Measures ,
SBA ,
Small Business ,
Small Business Investment Company ,
Tax Relief
New York orders extraordinary measures requiring financial institutions to meet financial needs of and ameliorate the challenges being faced by customers affected by COVID-19.
New York State has implemented extraordinary...more
New York orders extraordinary measures requiring financial institutions to meet financial needs of and ameliorate the challenges being faced by customers affected by COVID-19.
- New York State has implemented...more