Jan 24, 2025 · What is the Corporate Transparency Act? Under the Corporate Transparency Act (CTA), which went into effect on January 1, 2024, many U.S. small business owners are required to file corporate transparency reports with beneficial ownership information.

Jan 24, 2025 · NEW YORK (AP) — Small businesses are still not required to register with an agency called the Financial Crimes Enforcement Network, or FinCEN — for now. The registration is part of the Corporate Transparency Act, an anti-money laundering statue passed in 2021.

Jan 1, 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.

4 days ago · Summary. On January 23, 2025, the U.S. Supreme Court in McHenry v.Texas Top Cop Shop, Inc. granted a temporary stay of the preliminary injunction issued by the federal district court against enforcement of the reporting requirements of the Corporate Transparency Act (“CTA”). However, in Smith v.Department of the Treasury, the court enjoined the CTA, but only …

10 hours ago · Preliminary Injunction Blocking Enforcement of the Corporate Transparency Act (12/6/24) We previously discussed a ruling by a federal District Court in Alabama finding that the Corporate ...

Dec 7, 2024 · The Corporate Transparency Act (CTA) is part of the Anti-Money Laundering Act of 2020, which is part of the National Defense Authorization Act for Fiscal Year 2021. The act requests businesses to disclose beneficial ownership information to the federal government.

Federal legislation, the Corporate Transparency Act (“CTA”), was enacted by Congress on January 1, 2021, as part of the National Defense Authorization Act. The CTA includes significant reforms to anti-money laundering laws and is intended to help prevent and combat money laundering, terrorist financing, corruption, and tax fraud.

Dec 26, 2024 · An anti-money laundering law called the Corporate Transparency Act, or CTA, is now back in action after a Dec. 23 court ruling that will require millions of small business owners to register with...

Oct 19, 2023 · The Corporate Transparency Act (CTA), enacted in 2021, was passed to enhance transparency in entity structures and ownership to combat money laundering, tax fraud, and other illicit activities. It is designed to capture more information about the ownership of specific entities operating in or accessing the U.S. market.

Oct 8, 2024 · The Corporate Transparency Act (CTA) is a law designed to combat illegal activity by providing federal authorities with information about individuals who run U.S. businesses.