Latest Breaking News On - Alan azar - Page 1 : vimarsana.com

Effective January 1, 2024, companies will have to report their beneficial owners to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network as part of the updated Corporate Transparency Act of 2021 (CTA) rules. Unless they are exempt under the CTA, businesses that fail to submit this information may be faced with steep civil or criminal penalties. Vince Farhat and Alan Azar of JMBM’s White Collar Defense and Investigations Group have written an article explaining CTA’s new reporting requirements and how to comply with them below.

United statesAlan azarVince farhatDepartment of justiceImplications for companiesCommunications decencyCompany applicantExchange commissionTreasury departmentNational defense authorization actRevenue service taxpayer identification numberInvestigations groupBank secrecy actEffective januaryFinancial crimes enforcement networkCorporate transparency act