Prepare for the CTA Reporting Requirements
Starting January 1, 2024, United States entities and foreign entities registered to do business in the United States will be subject to the beneficial ownership reporting requirements of the CTA, unless they are exempt.
Learn more about the companies that are subject to these new reporting requirements, the available exemptions, the information that must be gathered and reported, the filing process, and the civil and criminal penalties for non-compliance.
FinCEN Adopts Final Beneficial Ownership Reporting Requirements
FinCEN adopted its final rule implementing the beneficial ownership reporting requirements of the CTA on September 30, 2022.
The final rule provides additional clarity on who does and does not qualify as a beneficial owner, as well as penalties for failing to comply with the reporting requirements.
Learn more about final rule's reporting requirements and the associated civil and criminal penalties for noncompliance.