Please note: This session was presented and recorded on 4/19/24

The Corporate Transparency Act (“CTA”) became effective on January 1, 2024, and requires certain entities to submit beneficiary ownership information (including certain personal identifying information relating to beneficial owners) to the Financial Crimes Enforcement Network (“FinCEN”) of the U.S. Department of Treasury. This session will cover the reporting requirements of the CTA, as well as the recent ruling from the Federal District Court in Northern Alabama in National Small Business Association v. Yellen, which ruled that CTA is unconstitutional, but enjoined FinCEN from enforcing CTA compliance on the named plaintiffs in the case only.

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