On March 1, 2024, the United States District Court for the Northern District of Alabama, Northeastern Division granted summary judgment in favor of the plaintiffs, finding that the Corporate Transparency Act (the “CTA”),...more
The purpose of this memo is to provide our clients with an overview of the Corporate Transparency Act (CTA) and steps necessary to take to be compliant with the CTA.
The CTA was enacted into law on January 1, 2021 as part...more
1/2/2024
/ Anti-Corruption ,
Anti-Money Laundering ,
Beneficial Owner ,
Corporate Transparency Act ,
Customer Due Diligence (CDD) ,
Effective Date ,
Filing Deadlines ,
Final Rules ,
Financial Crimes ,
FinCEN ,
Information Requests ,
Ownership Interest ,
Regulatory Requirements ,
Reporting Requirements
As many will be aware, the Corporate Transparency Act (CTA) goes into effect on January 1, 2024. For those that are not yet familiar with the CTA, get ready. It was enacted into law on January 1, 2021 as part of the...more
As previously reported, on September 30, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued the final rule to implement the beneficial ownership reporting requirements of the Corporate...more
On September 30, 2022, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued the final rule to implement the beneficial ownership reporting requirements of the Corporate...more