In response to growing concerns about money laundering, fraud, and financial crime, the United States enacted the Corporate Transparency Act (CTA) to increase corporate transparency, prevent illegal activity, and protect national security. This landmark legislation represents a significant shift in the way businesses operate, obliging many entities to report beneficial ownership information to the government.

Join our panel of key thought leaders and practitioners as they delve deep into the Corporate Transparency Act (CTA) and provide invaluable insights into the Financial Crimes Enforcement Network’s (FinCEN) Final Rules and critical reporting guidelines to enable participants navigate the regulatory landscape effectively and ensure compliance within their organizations.

Key Topics:

• Unpacking the CTA Essentials
  • Overview of the Corporate Transparency Act
  • Who is impacted by the CTA?
  • Why is beneficial ownership disclosure crucial?

• FinCEN’s Final Rules Explained
  • Detailed examination of FinCEN’s Final Rules
  • Reporting thresholds and requirements
  • Compliance deadlines and penalties for non-compliance

• Reporting Guidelines and Best Practice
  • Understanding the reporting process
  • Identifying beneficial owners and significant control persons
  • Navigating potential challenges and ambiguities

• Implications for Different Industries
  • How the CTA affects financial institutions
  • Real-world case studies and compliance strategies
  • Legal perspectives on CTA compliance