Client AlertsCorporate & BusinessNewsCorporate Transparency Act: Is Your Company Subject to the New Beneficial Owner Reporting Requirements?
By Madeline Ursini, Brian J. Reilly and Lawrence J. Sheh In 2021, as part of the Anti-Money Laundering Act of 2020, Congress enacted the Corporate Transparency Act in an effort to prevent and combat illicit activities such as money laundering, terrorist financing, corruption, and tax fraud. In furtherance of this goal, beginning on January 1,...