The Corporate Transparency Act (CTA) remains on hold despite a recent Supreme Court ruling. On January 23, 2025, the Supreme Court granted the government’s motion to stay a nationwide injunction that had been issued by a...more
1/29/2025
/ Anti-Money Laundering ,
Beneficial Owner ,
Corporate Transparency Act ,
Financial Regulatory Reform ,
FinCEN ,
Injunctions ,
Regulatory Requirements ,
SCOTUS ,
Stays ,
Transparency ,
U.S. Treasury
On August 28, 2024, the Financial Crimes Enforcement Network (“FinCEN”) issued a final rule (the “Final Rule”) that will define most SEC-registered investment advisers (“RIAs”) and exempt reporting advisers (“ERAs”) as...more
10/16/2024
/ AML/CFT ,
Anti-Money Laundering ,
Bank Secrecy Act ,
Compliance ,
FinCEN ,
Foreign Private Issuers ,
Investment Advisers Act of 1940 ,
Money Laundering ,
Mutual Funds ,
Policies and Procedures ,
Recordkeeping Requirements ,
Registered Investment Advisors ,
Securities and Exchange Commission (SEC) ,
Suspicious Activity Reports (SARs) ,
Travel Rule
On December 8, 2021, the Financial Crimes Enforcement Network (FinCEN) published in the Federal Register its first installment of widely anticipated Proposed Rules regarding the Corporate Transparency Act of 2019 (CTA). The...more
After years of debate and revisions in both houses, the Corporate Transparency Act of 2019 (“CTA”), Congress’ most ambitious anti-money laundering and anti-terrorism financing legislation in years, was enacted on January 1,...more