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
1/2/2024
/ Anti-Money Laundering ,
Beneficial Owner ,
Compliance ,
Corporate Transparency Act ,
Disclosure Requirements ,
FinCEN ,
NDAA ,
Penalties ,
Personally Identifiable Information ,
Reporting Requirements ,
Transparency
A lot has been written about the Treasury Department and FinCEN’s “midnight rulemaking” efforts regarding cryptocurrency recently. As in very recently. The reason for this is the proposed rules published for public review...more