The Corporate Transparency Act (CTA) and its requirements for privately held companies to report their beneficial ownership information went into effect on January 1, 2024. The CTA requires most corporations, limited...more
1/9/2024
/ Anti-Money Laundering ,
Beneficial Owner ,
Corporate Transparency Act ,
Doing Business ,
Filing Deadlines ,
Financial Regulatory Reform ,
FinCEN ,
Ownership Interest ,
Popular ,
Regulatory Agenda ,
Regulatory Requirements ,
Reporting Requirements ,
Shell Corporations
As the January 1, 2024, start date for private entities to begin reporting beneficial ownership under the Corporate Transparency Act (CTA) rapidly approaches, increasing attention is being given to how these far-reaching...more
On September 29, 2022, the United States Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a final rule requiring millions of private companies to report their ownership to the United States...more
10/4/2022
/ Broker-Dealer ,
Business Ownership ,
Corporate Transparency Act ,
Due Diligence ,
Financial Institutions ,
FinCEN ,
Foreign Jurisdictions ,
Insurance Industry ,
Investment Adviser ,
IRS ,
Limited Liability Company (LLC) ,
Limited Partnerships ,
Nonprofits ,
Ownership Interest ,
Privately Held Corporations ,
Public Utility ,
Securities Exchange Act of 1934 ,
Tax Exempt Entities
On December 11, 2020, the U.S. Congress passed legislation requiring certain privately held companies in the U.S. to report ownership information to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network...more