Archive for December 2023
What Businesses Need to Know About the Corporate Transparency Act (CTA)
Starting from January 1, 2024, many businesses must disclose information about their beneficial owners to the Financial Crimes Enforcement Network (FinCEN). This is being done to prevent money laundering, financing of terrorism, and other illegal financial activities. Under the recently enacted Corporate Transparency Act (CTA), organizations are now required to share information on the real…
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