Starting January 1, 2024, the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) will increase corporate transparency by implementing the Corporate Transparency Act (CTA). The bipartisan legislation, which falls under the Anti-Money Laundering Act of 2020, will establish new reporting requirements for entities, specifically with regard to their beneficial ownership and organizers.

To help organizations navigate this emerging regulatory environment and its operational challenges, Winstead has created a four-part CTA overview.  

• The Corporate Transparency Act (Part 1): An Overview
• The Corporate Transparency Act (Part 2): Exemptions from the Reporting Requirements
• The Corporate Transparency Act (Part 3): Reporting Requirements
• The Corporate Transparency Act (Part 4): Beneficial Owners and Company Applicants Defined Under the CTA