The Corporate Transparency Act (CTA), which was passed by Congress in 2021 and is administered by the Financial Crimes Enforcement Network (FinCEN) at the U.S. Department of the Treasury, will become effective on January 1,...more
9/25/2023
/ Anti-Money Laundering ,
Beneficial Owner ,
Compliance ,
Corporate Transparency Act ,
Covered Entities ,
Customer Due Diligence (CDD) ,
Effective Date ,
Financial Crimes ,
FinCEN ,
Lenders ,
Limited Liability Company (LLC) ,
Mortgage Lenders ,
Proposed Legislation ,
Reporting Requirements
During the 2021 Legislative Session, Connecticut adopted a new receivership law based on the Uniform Commercial Real Estate Receivership Act (“UCRERA”) which became effective on July 1, 2023. The UCRERA was drafted by the...more