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U.S. Treasury’s Financial Crimes Enforcement Network, FinCEN, issues the first rule to implement the Corporate Transparency Act (CTA)

By Business Transactions, Entrepreneurship, News

In 2021, the Corporate Transparency Act (“CTA”) was enacted as part of the Anti-Money Laundering Act of 2020 in an effort to crack down on illicit finance and increase transparency as to who owns interests in various entities or is involved in their formation. The CTA establishes a beneficial ownership…

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