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.

On April 18, 2024, Luna Hernandez of Merhab Robinson & Clarkson hosted “Shedding Light: The Corporate Transparency Act Explained,” an informative webinar designed to equip business professionals with the knowledge and tools to navigate the CTA with ease and assurance.

Read on to see the full recording along with reading materials and resources.