This is a basic primer describing the Corporate Transparency Act (“CTA“) which was enacted into federal law on January 1, 2021 as part of the Anti-Money Laundering Act of 2020 and became effective January 1, 2024. The...more
2/5/2024
/ Anti-Corruption ,
Anti-Money Laundering ,
Beneficial Owner ,
Corporate Transparency Act ,
Corruption ,
Financial Crimes ,
Financial Regulatory Reform ,
FinCEN ,
National Security ,
Reporting Requirements ,
Shell Corporations
Episode 3 – Information Required to be Reported and Who is a “Beneficial Owner” -
Episode 1 in our series outlined the purpose behind the Corporate Transparency Act (“CTA”) and Episode 2 described what constitutes a...more
Episode 2 – Reporting Companies and Exceptions -
Episode 1 in our series outlined the purpose behind the Corporate Transparency Act (“CTA”) and provided an overview of the CTA and the most recent proposed regulations. This...more
More regulatory requirements are coming from the federal government for small to mid-sized businesses. Other than tax filing requirements, such as obtaining a tax ID number or possible securities filings, the federal...more