As we discussed in parts one and two of this blog series, there’s a new compliance requirement for many small businesses: the Corporate Transparency Act. This law was designed to disrupt criminal activities such as money...more
The Corporate Transparency Act was passed by Congress with bipartisan support in 2021 and went into effect on January 1, 2024. Broadly speaking, the law requires private companies to file a report with the Department of...more
2/6/2024
/ Anti-Money Laundering ,
Beneficial Owner ,
Corporate Transparency Act ,
Enforcement ,
Financial Crimes ,
FinCEN ,
Investigations ,
Money Laundering ,
Reporting Requirements ,
Securities Fraud ,
Tax Evasion ,
Taxpayer Identification Number ,
Terrorism Funding ,
U.S. Treasury