As discussed in our prior two alerts (found here and here), effective as of January 1, 2024, the Corporate Transparency Act and rules issued thereunder by the Financial Crimes Enforcement Network.
The Corporate Transparency Act (CTA) took effect January 1, 2024 as part of a broad antiterrorism and anti-money laundering effort of Congress. The CTA requires certain entities, known as "reporting companies,".
The CTA is a sweeping new anti-money-laundering law that, as of January 1, 2024, requires most entities formed or registered to do business in the United States to disclose detailed information.
Treasury Stares Down Another Challenge To CTA After Michigan Plaintiffs File Suit forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
On March 1, 2024, Judge Liles C. Burke of the Northern District of Alabama, Northeastern Division, ruled in U.S. v. Yellen that the Corporate Transparency Act (the “Act”) is.