Shedding Light: The Corporate Transparency Act Explained

The Corporate Transparency Act (CTA) went into effect on January 1, 2024, and requires certain business entities to file a beneficial ownership report with the United States Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). Failure to comply with the CTA can result in a $500-per-day penalty (up to $10,000) and possible criminal penalties, including imprisonment for up to 2 years.

This exclusive webinar is designed to equip business professionals with the knowledge and tools to navigate the CTA with ease and assurance.

During This Webinar, You’ll Discover:

• The scope of entities affected by the CTA and requirements for Beneficial Ownership Information (BOI) reporting to FinCEN.
• Insights into exemptions and obligations under the CTA’s framework.
• Detailed guidance on compliance, including timelines for reporting and updates.
• The penalties associated with non-compliance and strategies to mitigate risk.
• A comprehensive overview of who is considered a beneficial owner.
• Actionable steps for aligning your business practices with CTA requirements.
• Discussion on current challenges facing the CTA and their implications.

Click here to view the full recording and reading materials