The Corporate Transparency Act (CTA) enacted in January 2021 as part of the National Defense Authorization Act establishes new requirements that will mandate the disclosure and reporting to the United States Treasury...more
4/14/2021
/ Bank Secrecy Act ,
Beneficial Owner ,
Corporate Transparency Act ,
Counterfeiting ,
Federal Register ,
Financial Fraud ,
Financial Institutions ,
FinCEN ,
Money Laundering ,
Reporting Requirements ,
Tax Fraud ,
U.S. Treasury
On June 4, 2020, the Internal Revenue Service issued Notice 2020-39, which is available here. Notice 2020-39 provides temporary relief to qualified opportunity funds (QOFs) and their investors as a result of the COVID-19...more
Federal Reserve Chairman Jerome Powell announced on May 19, 2020, before a Senate Committee that the Main Street Lending Program (Program) is anticipated to be launched around the end of May. Prospective borrowers should be...more