What Is The Corporate Transparency Act 2024 Summary

What Is The Corporate Transparency Act 2024 Summary. The corporate transparency act (cta) was passed in 2021 and became effective beginning on jan. This article has set forth the exemptions that are available under the corporate transparency act and the regulations issued by the financial crimes enforcement network.

The cta was enacted in 2021 to combat illicit activity including tax fraud, money laundering, and financing for terrorism by capturing more ownership information for specific u.s. The corporate transparency act took effect jan.