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BREAKING NEWS: The Corporate Transparency Act Under Fire |
UPDATE: In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports.
The Corporate Transparency Act (“CTA”), enacted in 2021, aims to deter illicit activities through greater transparency and accountability. The Act mandates certain U.S. and foreign businesses to disclose their true ownership details to the Financial Crimes Enforcement Network (FinCEN).
Cogency Global has placed a great deal of emphasis on understanding the requirements of the CTA for currently existing and to-be-formed legal entities, actively participating in industry discussions and offering thought leadership on the topic. As leaders in compliance and corporate governance, we have dedicated our resources to understanding the complexities and implications of this landmark legislation, and we are pleased to introduce our comprehensive resource page and pass those resources on to you.
You'll find helpful information on this page, including webinars, articles, guides and technology tools to keep you informed and help prepare for the new regulatory landscape.
Sign up now for our best-in-class corporate transparency act digital tools, CTA CentralTM and the CTA Exemption Wizard.
