On Jan. 1, the Corporate Transparency Act (CTA) went into effect, premised on the belief that illicit actors use corporate structures like shell companies and fronts to hide their identities and launder criminal proceeds...more
2/29/2024
/ Anti-Money Laundering ,
Beneficial Owner ,
Corporate Transparency Act ,
Cybersecurity ,
Data Protection ,
Data Security ,
Financial Crimes ,
FinCEN ,
Popular ,
Reporting Requirements ,
U.S. Treasury
The Corporate Transparency Act (CTA), which became effective on January 1, requires that U.S. and foreign companies authorized to do business in the U.S. (each, a Reporting Company) report specific personal information...more