Back to News

Corporate Transparency Act Disclosure

The Corporate Transparency Act (“CTA”) was enacted into law on January 1, 2021, as part of the Anti-Money Laundering Act of 2020, to promote corporate transparency and combat financial crimes, such as money laundering and financing terrorism. The CTA requires certain newly formed and existing domestic and foreign entities to disclose their beneficial owners and other pertinent information to the Financial Crimes Enforcement Network (“FinCEN”), a bureau of the U.S. Department of the Treasury. FinCEN issued final rules on September 29, 2022, to govern the key registration requirements under the CTA.

Read More