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On Sept. 29, 2022, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a final rule, effective Jan. 1, 2024, implementing the beneficial ownership information reporting provisions of the Corporate Transparency Act.
U.S. Department of the Treasury’s Financial Crimes Enforcement Network FinCEN issued a final rule, effective Jan. 1, 2024, implementing the beneficial ownership information reporting provisions of the Corporate Transparency Act.
As previously reported, on September 30, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued the final rule to implement the beneficial ownership...
Episode 2 – Reporting Companies and Exceptions - Episode 1 in our series outlined the purpose behind the Corporate Transparency Act (“CTA”) and provided an overview of...
Thursday, February 18, 2021 The 2021 National Defense Authorization Act (the NDAA) was enacted into law over a presidential veto on 1 January 2021. A portion of the NDAA, the Corporate Transparency Act (the Act), imposes new beneficial ownership reporting requirements on certain businesses formed or registered to do business in the United States. While many of the details concerning the implementation of the Act are not yet known, the Act brings the United States closer in alignment with global peers on anti-money laundering (AML) regulations and should enhance the ability of United...