24 Jun 2025
The Corporate Transparency Act: A Legal, Political, and Regulatory Battle Over Beneficial Ownership Disclosure Client Alert Digest
The Corporate Transparency Act (CTA), as enacted, mandates that certain U.S. and foreign entities disclose their beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN), aiming to curb illicit financial activities facilitated by anonymous shell companies. However, in March 2025, the Department of the Treasury announced a significant shift in how the CTA would be implemented, along with FinCEN’s change to the definition of “reporting company” to remove its application to domestic companies. Read this client alert digest to understand the status of the CTA, which companies are currently required to comply with it, and more.
Related Content
- The Corporate Transparency Act and Beneficial Ownership Reporting Requirement
Understand the scope, requirements, exemptions, and who is a beneficial owner.
- Corporate Transparency Act Training Presentation
Educate relevant officers and staff on how to meet CTA obligations.
- Bank Secrecy Act, USA PATRIOT Act, AMLA, OFAC, and other Anti-money Laundering / Anti-terrorism Regulations
Learn about all types of AML/anti-terrorism regulations that may affect your clients.
- Bank Secrecy Act (BSA), USA PATRIOT Act, AMLA, OFAC, and Other Anti-money Laundering / Anti-terrorism Regulations Compliance Checklist
Establish an effective compliance program to address these obligations.
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