According to the introductory paragraph of the guidelines issued by the Financial Crimes Enforcement Network (“FinCEN”) of the United States Treasury, “[i]llicit actors frequently use corporate structures such as shell and...more
9/24/2024
/ Beneficial Owner ,
Beneficiaries ,
Business Entities ,
Business Ownership ,
Corporate Transparency Act ,
FinCEN ,
Foreign Entities ,
Ownership Interest ,
Reporting Requirements ,
Trustees ,
Trusts
Introduction - The introduction to the final regulations issued under the Corporate Transparency Act (“CTA”) by the Financial Crimes Enforcement Network of the United States Treasury (“FinCEN”) states that, “[i]llicit actors...more
A new law, which is called “SECURE” (Setting Every Community Up for Retirement Enhancement), applies to retirement plans of people who die after December 31, 2019. ...more