#Corporate Transparency Act

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Above the Law
1 month ago
Law

Best Practices For In-House Professionals Navigating The Corporate Transparency Act

Understanding and identifying entities subject to CTA reporting requirements is crucial.
Awareness of CTA deadlines and maintaining accurate, up-to-date records are key for compliance and avoiding penalties. [ more ]
www.nytimes.com
2 months ago
US politics

Judge's Ruling Sets Back Law Meant to Fight Money Laundering

Federal court rules against Treasury Department requirement for small businesses to report personal details about owners.
The Corporate Transparency Act, aimed at identifying money launderers, faces challenges due to concerns of congressional overreach. [ more ]
www.nytimes.com
5 months ago
US politics

Congress Passed a Money Laundering Law. Interest Groups Are Still Fighting It.

The implementation of a law can be a lengthy process that involves lobbying, litigation, and revisions that can reshape the original legislation.
The Corporate Transparency Act, which aims to combat money laundering and terrorist financing, is facing opposition from interest groups and small business organizations who argue that it would burden millions of small businesses. [ more ]
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