As stated in our latest advisory, the regulations adopted by the
Financial Crimes Enforcement Network (FinCEN) under the Corporate
Transparency Act require most companies that were formed or
registered to do business in the United States before January 1,
2024 to file an initial beneficial ownership information report
with FinCEN by January 1, 2025, unless they are exempt.
Watch the recording below for a refresher course about your
potential obligations under the Corporate Transparency Act, key
provisions, timelines, and penalties for non-compliance. The
Buchanan team provides an update regarding recent court challenges
to the CTA. Gain valuable guidance on what actions you should be
taking now to comply.
View the recording here or below.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.