Blog: CTA reporting

 

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U.S. Treasury Clarifies Beneficial Ownership Reporting Requirements for Businesses

Posted on February 22, 2023 by
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When it goes into effect on January 1, 2024, a provision tucked inside the Corporate Transparency Act (the “CTA”) will impose lengthy new reporting requirements on many business entities, including many single-member LLCs. The final rule recently issued by the U.S. Treasury Department’s Financial Crimes Enforcement Network clarifies the scope and applicability of these new […]