On January 1, 2024, the Corporate Transparency Act (the “CTA”) went into effect and imposed significant new reporting requirements on, among others, many businesses and subsidiary and single-purpose entities owned by trusts...more
Harris Beach is warning business owners of a recent scam involving the Corporate Transparency Act (CTA). The Financial Crimes Enforcement Network (FinCEN) has issued an alert about fraudulent attempts to solicit information...more
11/1/2023
/ Anti-Corruption ,
Anti-Money Laundering ,
Beneficial Owner ,
Corporate Transparency Act ,
Final Rules ,
Financial Crimes ,
Financial Regulatory Reform ,
FinCEN ,
Regulatory Requirements ,
Reporting Requirements ,
Shell Corporations
On September 29, 2022, the Financial Crimes Enforcement Network (FinCEN) issued the first of three final rules implementing the Corporate Transparency Act’s beneficial ownership information (BOI) requirements. The aim of the...more