On Monday, July 8, 2024, the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) released additional FAQs specifying that a reporting company (i.e., a company to which no exemption applies) created or...more
7/23/2024
/ Anti-Money Laundering ,
Beneficial Owner ,
Business Entities ,
Corporate Transparency Act ,
Dissolution ,
Filing Deadlines ,
Financial Crimes ,
Financial Regulatory Reform ,
FinCEN ,
Registration Requirement ,
Regulatory Requirements ,
Reporting Requirements ,
Smaller Reporting Companies ,
Tax Evasion
On Friday, March 1, 2024, the U.S. District Court for the Northern District of Alabama declared the Corporate Transparency Act (CTA) “unconstitutional because it cannot be justified as an exercise of Congress’ enumerated...more
Every entity formed under U.S. law and foreign entities qualified to do business in any U.S. jurisdiction should assess whether there are reporting obligations under the Corporate Transparency Act (the CTA). The CTA, which...more