Corporate Transparency Act 2024. The bipartisan corporate transparency act, enacted in 2021 to curb illicit finance, requires many companies doing business in the united states to report information about the individuals who ultimately own or control them. The department has prioritized efforts to implement the corporate transparency act (cta) to prevent corrupt and other actors from laundering illicit funds through anonymous.
The corporate transparency act (the “cta”) took effect in the united states on january 1, 2024, resulting in significant new beneficial ownership reporting requirements. With the beneficial ownership information reporting requirement imposed by the corporate transparency act effective on january 1, 2024, every.