News & Analysis as of

Corporate Transparency Act Business Ownership Anti-Money Laundering

Ballard Spahr LLP

Department of the Treasury Suspends Enforcement of the Corporate Transparency Act and Plans to Revise Rule to Limit Scope

Ballard Spahr LLP on

Does it matter if a law is valid if the Government refuses to enforce it? For months, we have watched (and blogged on) courts grappling with the constitutionality and enforceability of the Corporate Transparency Act (“CTA”)....more

Sheppard Mullin Richter & Hampton LLP

The Return of the CTA: FinCEN Confirms that Beneficial Ownership Information Reporting Requirements are Back in Effect with a New...

On February 19, 2025, the Financial Crimes Enforcement Network (“FinCEN”) announced that beneficial ownership information reporting requirements under the Corporate Transparency Act (“CTA”) are back in effect with a new...more

Saul Ewing LLP

FinCEN Reinstates Beneficial Ownership Reporting Deadline Following Court Ruling

Saul Ewing LLP on

The Corporate Transparency Act (CTA), enacted in 2021, mandates that companies disclose their true ownership to the Financial Crimes Enforcement Network (FinCEN) to combat illicit financial activities. However, its...more

Dickinson Wright

Are You Prepared for the Corporate Transparency Act? What to Know Before December 31, 2024

Dickinson Wright on

The Corporate Transparency Act (“CTA” or the “Act”) became effective as of January 1, 2024.  It is the latest effort by the federal government to combat money laundering, tax fraud, and other illegal activity by bad actors. ...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Business Owner Alert: Corporate Transparency Act Requires New Ownership Reporting in 2024 and Beyond

It has been many years in the making, but the effective date of the Corporate Transparency Act (the “CTA”) is finally here. The CTA, enacted in 2021, is designed to prevent money laundering and other unlawful activity...more

Schwabe, Williamson & Wyatt PC

Corporate Transparency Act: Reporting Beneficial Ownership Starting January 2024 - Update

What Does it Mean for Your Business? This article updates and provides new information and guidance and replaces our original article dated August 3, 2023. On January 1, 2024, the Corporate Transparency Act (the “Act”...more

Spilman Thomas & Battle, PLLC

The Corporate Transparency Act: Are You Prepared?

Effective January 1, 2024, your business may be required to submit information to the Financial Crimes Enforcement Network (“FinCEN”) about your owners pursuant to the Corporate Transparency Act (“CTA”)....more

Perkins Coie

The Corporate Transparency Act: What To Know and Expect Starting January 1, 2024

Perkins Coie on

Beginning January 1, 2024, the Corporate Transparency Act (CTA) will require most entities formed or registered to do business in the United States to disclose detailed information regarding their owners, officers, and...more

Ballard Spahr LLP

A Roadmap to the CTA’s Game-Changing Reporting Requirements

Ballard Spahr LLP on

Beginning on January 1, 2024, many U.S. legal entities and foreign entities registered to do business in the U.S. will be required to report information about themselves, their beneficial owners, and their company applicants...more

Buckingham, Doolittle & Burroughs, LLC

The Corporate Transparency Act

In 2024, U.S. Businesses Will Face Heightened Reporting Requirements. On January 1, 2021, the federal government enacted the Corporate Transparency Act (“CTA”) – which will impact nearly all U.S. businesses within the...more

Lasher Holzapfel Sperry & Ebberson PLLC

Business Obligations Under the Corporate Transparency Act: What You Need to Know

The Corporate Transparency Act (CTA) was enacted to enhance corporate transparency and combat illicit activities such as money laundering and tax evasion. While the primary focus of the CTA is unearthing those involved in...more

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