The Corporate Transparency Act (CTA) was passed into law on January 1, 2021, and will go into effect on January 1, 2024. This Act requires the filing of a Beneficial Owner Information (BOI) report with the Financial Crimes Enforcement Network (FinCEN) by all “reporting companies.” 
The introduction of the Corporate Transparency Act (CTA) in 2021 aims to combat illicit activities through the promotion of transparency and accountability. This groundbreaking legislation requires specific US and international businesses to disclose their ownership details to the Financial Crimes Enforcement Network (FinCEN). At Cogency Global, we have invested significant time in comprehending the requirements of the CTA for both existing and upcoming legal entities. As specialists in compliance and corporate governance, we have analysed this legislation and compiled our insights on our resource page.
Our resource page offers:
-
TOP TEN QUESTIONS ABOUT THE CTA: Read this article where we address commonly asked questions about the CTA, to help provide some clarity on this complex legislation.
-
WEBINARS: We've compiled a list of our past webinars that discuss and break down the CTA's requirements.
-
ARE YOU READY?: This downloadable PDF outlines how Cogency Global approaches the CTA and the resources we've put in place to help you.
-
CTA EXEMPTION WIZARD: A digital tool designed to give users a preliminary indication of whether their companies might be exempt from CTA reporting.
Coming soon, we'll be offering Cogency Global's proprietary "CTA CentralTM," which will prepare and file Beneficial Owner Information Reports (“BOI Report”) and transmit them to FinCEN.
Need a short explanatory resource? Download this CTA Fast Facts PDF now!
At Cogency Global, we're focused on providing clear and accessible information about the CTA. Our resource page is a reflection of our effort to understand and share insights on this significant legislation. If you have any questions, please feel free to contact us at CTATeam@cogencyglobal.com.
