On September 30, 2022, the U.S. Financial Crimes Enforcement Network (“FinCEN”) published its final rule implementing Section 6403 of the Corporate Transparency Act (“CTA”). The final rule, which will take effect on...more
On December 8, 2021, the U.S. Financial Crimes Enforcement Network (FinCEN) issued a Notice of Proposed Rulemaking (NPRM) implementing Section 6403 of the Corporate Transparency Act (CTA), which gives the public until...more
12/21/2021
/ Anti-Money Laundering ,
Beneficial Owner ,
Corporate Transparency Act ,
Domestic Corporations ,
FinCEN ,
Foreign Corporations ,
National Security ,
NPRM ,
Reporting Requirements ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act
The Corporate Transparency Act (CTA), part of the 2021 National Defense Authorization Act enacted into law on January 1, 2021, will impose new beneficial ownership reporting requirements on many companies. The stated purposes...more
1/11/2021
/ Anti-Money Laundering ,
Beneficial Owner ,
Customer Due Diligence (CDD) ,
Department of Defense (DOD) ,
Federal Acquisition Regulations (FAR) ,
Federal Contractors ,
Federal Funding ,
Federal Procurement Systems ,
FinCEN ,
Know Your Customers ,
NDAA ,
Reporting Requirements ,
Small Business ,
Transparency ,
U.S. Treasury