News & Analysis as of September 26, 2024

Beneficial Owner

+ Follow

The National Defense Authorization Act is a United States federal statute enacted each year to specify the budget and expenditures of the Department of Defense. The NDAA identifies which agencies are responsible for national defense, provides funding for those agencies and includes instructions on proper use of the funds. less -

Triggers That Require Reporting Companies to File Updated Beneficial Ownership Interest Reports

Winstead PC on 7/23/2024

On January 1, 2024, Congress enacted the Corporate Transparency Act (the “CTA”) as part of the Anti-Money Laundering Act of 2020 and its annual National Defense Authorization Act....more

FinCEN’s Final Regulations to Implement the Corporate Transparency Act

Dorsey & Whitney LLP on 1/8/2024

Pursuant to the adoption of comprehensive revisions to the U.S. anti-money laundering statutes as part of the Defense Appropriations Act of 2021 (the “Defense Act”), on September 30, 2022, the Financial Crimes Enforcement...more

Tango Your Way to Government Compliance: The Corporate Transparency Act

Sunstein LLP on 1/4/2024

Why might a 255 foot yacht named “Tango” anchored in Mallorca make your life more complicated? Because its owner, Russian oligarch Viktor Vekselberg, had been sanctioned by the U.S. in 2018 for “contributing to the situation...more

The Corporate Transparency Act: An Overview

The Rodman Law Group, LLC on 1/2/2024

The Corporate Transparency Act (the “CTA” or “Act”), enacted as part of the National Defense Authorization Act for Fiscal Year 2021, marks a significant shift in the regulatory framework for businesses in the United States....more

The Corporate Transparency Act: What Is It and What Does It Mean for Business Owners?

McNees Wallace & Nurick LLC on 12/29/2023

A significant change in the landscape of corporate compliance is on the horizon, and it will affect the vast majority of small businesses. On January 1, 2024, reporting under the Corporate Transparency Act (the “CTA” or...more

Individuals and Trusts Beware: The Corporate Transparency Act Applies to You

Dechert LLP on 12/1/2023

The Corporate Transparency Act (the "Act") is a significant piece of legislation enacted as part of the National Defense Authorization Act for Fiscal Year 2021. The Act was designed to prevent the misuse of corporations and...more

FinCEN Proposes Extension of Deadline for New Company Corporate Transparency Act Reporting

Whitman Legal Solutions, LLC on 10/3/2023

Recognizing challenges with CTA compliance, on September 28, 2023, FinCEN recently proposed a rule (Proposed Rule) that would temporarily extend the time allowed for new companies to file reports. The Proposed Rule followed a...more

The Corporate Transparency Act (Part 3): Reporting Requirements

Winstead PC on 9/14/2023

On January 1, 2021, Congress enacted the Corporate Transparency Act (the “CTA”) as part of the Anti-Money Laundering Act of 2020 and its annual National Defense Authorization Act. The new legislation requires certain entities...more

Corporate Transparency Act Requires Beneficial Ownership Reports

Baker Donelson on 2/8/2022

On January 1, 2021, Congress enacted the National Defense Authorization Act of 2021. As part of this legislation, Congress set out new Beneficial Ownership Information Reporting Requirements (BOI Reporting Requirements) for...more

The Anti-Money Laundering Act of 2020: What Companies Need to Know

BakerHostetler on 1/21/2021

On January 1, 2021, Congress overrode President Trump’s veto of the National Defense Authorization Act for Fiscal Year 2021, an omnibus bill that includes the Anti-Money Laundering Act of 2020 (the “AMLA”). The AMLA...more

10 Results

View per page

Page: of 1

National Defense Authorization Act › Compliance › Beneficial Owner

"My best business intelligence, in one easy email…"