On December 1, 2021, we issued a client alert summarizing the Corporate Transparency Act (CTA), a federal law passed to fight “shell company” money laundering, tax fraud, and other financial crimes. The CTA provides for rules...more
12/12/2022
/ Anti-Money Laundering ,
Banking Sector ,
Beneficial Owner ,
Corporate Transparency Act ,
Final Rules ,
Financial Services Industry ,
FinCEN ,
Investment ,
Publicly-Traded Companies ,
Reporting Requirements ,
Tax Exempt Entities
The United States Supreme Court holding in Carson v. Makin could result in public assistance for religiously affiliated institutions of higher education. The Court ruled that Maine’s tuition assistance program is an...more
6/30/2022
/ Carson v Makin ,
Constitutional Challenges ,
Educational Institutions ,
Espinoza v Montana Department of Revenue ,
Establishment Clause ,
First Amendment ,
Free Exercise Clause ,
No Aid Clause ,
Private Schools ,
Public Schools ,
Religious Schools ,
SCOTUS ,
Tuition
The Corporate Transparency Act (CTA), included as an amendment to the Anti-Money Laundering Act of 2020, was passed by Congress this year as an effort to make it more difficult to commit “shell company” money laundering, tax...more
12/2/2021
/ Anti-Money Laundering ,
Beneficial Owner ,
Civil Monetary Penalty ,
Corporate Transparency Act ,
Criminal Prosecution ,
Failure to Report ,
FDIC ,
Financial Crimes ,
Financial Institutions ,
FinCEN ,
New Legislation ,
Nonprofits ,
Publicly-Traded Companies ,
Reporting Requirements ,
Securities and Exchange Commission (SEC)