Corporate Transparency Act

A Brief Background of the CTA The Corporate Transparency Act (CTA) aims to enhance transparency in the ownership of businesses in America. It requires companies to disclose information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). The…

The Corporate Transparency Act, commonly known as the CTA, was enacted by Congress to further corporate transparency by identifying the people behind companies. It aims to fight against a spectrum of financial crimes. Such crimes include money laundering, terrorist financing,…