What Is The Corporate Transparency Act 2024 Ppt. The cta was enacted in 2021 to combat illicit activity including tax fraud, money laundering, and financing for terrorism by capturing more. This document summarizes the key aspects of the corporate transparency act (cta), which requires certain entities to report beneficial ownership information to the financial crimes enforcement network (fincen).

Christine green of steptoe & johnson pllc discusses the corporate transparency act and the recent litigation regarding its constitutionality. A new federal law, the corporate transparency act (“cta”), took effect on january 1, 2024, imposing a new filing requirement on many business entities with the goal of.