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Key Points on the CTA and Beneficial Ownership Requirements

By: Pia Angelikis, Esq., COGENCY GLOBAL on Thu, Apr 14, 2022

The Corporate Transparency Act (the “CTA”) is part of the Anti-Money Laundering Act of 2021. The Financial Crimes Enforcement Network (“FinCEN”) is in the process of finalizing proposed rules that will trigger the CTA’s effective date. Sometime after FinCEN finalizes its rules, existing and newly formed companies subject to the CTA will need to disclose their beneficial ownership information to FinCEN.

Let’s take a look at a few of the key points to be aware of while awaiting FinCEN’s final rulemaking.


This content is provided for informational purposes only and should not be considered, or relied upon, as legal advice.

Topics: Corporate Transparency