On March 2, 2025, and February 27, 2025, the US Department of the Treasury (Treasury) and the Financial Crimes Enforcement Network (FinCEN), a bureau of the Treasury, made significant announcements regarding the Beneficial...more
The Corporate Transparency Act (CTA) introduces beneficial ownership reporting requirements effective January 1, 2024, for new and existing companies. Below is an overview of the new reporting obligations imposed by the CTA....more
12/19/2023
/ Beneficial Owner ,
Corporate Transparency Act ,
Financial Institutions ,
FinCEN ,
Jurisdiction ,
Law Enforcement ,
Limited Liability Company (LLC) ,
Limited Partnerships ,
National Security ,
Ownership Interest ,
Penalties ,
Reporting Requirements ,
Smaller Reporting Companies