Martine Seiden Agatston

2 months ago | jdsupra.com | Martine Seiden Agatston |Andrew Bettwy |Jeffrey Horwitz

On January 23, 2025, the U.S. Supreme Court ruled that the federal government may enforce the Corporate Transparency Act (“CTA”) while the Fifth Circuit continues to review a constitutional challenge to the law.

Dec 28, 2023 | lexblog.com | Martine Seiden Agatston |Richard Corn |Martin Hamilton |Amanda H Nussbaum

In 2021, the Corporate Transparency Act was enacted into U.S. federal law as part of a multinational effort to rein in the use of entities to mask illegal activity, including proposed rules (effective January 1, 2024) requiring certain types of entities to file a report identifying the entity’s beneficial owners as well as the natural persons who formed the entity unless an exemption applies.

Dec 28, 2023 | lexology.com | Andrew Bettwy |Ryan Blaney |Richard Corn |Martin Hamilton |Stephanie Heilborn |Jeffrey Horwitz | +5 more

In 2021, the Corporate Transparency Act (the “CTA”) was enacted into U.S. federal law as part of a multi‑national effort to rein in the use of entities to mask illegal activity. The CTA directs the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) to propose rules requiring certain types of entities to file a report identifying each entity’s beneficial owners as well as the natural persons who formed the entity, unless an exemption applies.