Our comprehensive on-demand webinar explains the requirements, compliance strategies, and impact on your business operations about navigating the Corporate Transparency Act
Many US companies will be required to file reports with FinCEN over the beneficial ownership under the Corporate Transparency Act of 2021. The law consisted of a variety of provisions designed to combat money laundering and financing of terrorism by promoting greater corporate transparency. However, in March 2024, a federal judge struck down the act, citing its violation of privacy and an overreach of congressional authority.
Still, the future of the CTA is unclear, and any business should be aware of any possible conformity requirements. With this in mind, we are making available a free on-demand webinar titled “Navigating the Corporate Transparency Act Compliance.”
Webinar Points
What is the CTA?: General overview of the provisions and goals of the act as well as the judicial decision that makes its enforcement uncertain.
There are complying requirements, like an in-depth explanation of the kind of information businesses may be asked to declare, including that of beneficial ownership and processes associated with them.
Legal Implications: This includes the constitutional challenge the CTA faces and what such implications may pose on future enforcement actions
Best Practice for Businesses: This involves avenues for preparing to comply while reducing risks and staying ahead of a shifting regulatory landscape.
Who should attend:
- Small and medium-sized business owners
- Corporate Legal Advisors
- Compliance Officers
- Finance professionals
This presentation will benefit the attendees with the idea of having a complete understanding of the CTA at the moment and as it is now, their legal position, coupled with what to do practically to comply with the laws that are current. As one always has to be informed and prepared on matters related to an evolving regulatory environment, there is hardly any need for further explanation.
